Furthermore, Barclays Capital research revealed that operating-profit margins from Japanese exporters rose as the yen appreciated against the dollar.

CurrencyShares Japanese Yen Trust (NYSEArca: FXY)

iShares MSCI Japan (NYSEarca: EWJ)

For more information on the Japanese yen, visit our Japanese yen category.

Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.

Max Chen contributed to this article.