Despite attempts by The Bank of Japan, the yen has kept strength against the U.S. dollar. Some analysts say that the attempts made last year to intervene in the currency markets were too weak. Another reason intervention has been difficult is that there is more market participation compared to 20 years ago, so keeping a currency from being at its natural place in the market is hard, reports David Saito-Chung for Investor’s Business Daily. The dollar is trading at about 79 yen per dollar. [Currency ETFs: Yen Recovering After Early 2012 Plunge]
Guggenheim CurrencyShares Japanese Yen Trust
Tisha Guerrero contributed to this article.