Amid grumblings of a currency war, the G-20 endorsed the BOJ’s stimulus measures, supporting the devaluation of the yen as long as the focus was on improving domestic demand. [Japanese Yen, ETF Depreciates After G-20 OKs Aggressive Easing]
Investors have taken advantage of the sliding yen by shorting yen assets, including FXY. More aggressive traders have also looked at the ProShares UltraShort Yen ETF (NYSEArca: YCS), which has gained 27.2% year-to-date. As a leveraged inverse fund, YCS is a trading vehicle rather than a long-term investment. It can be extremely volatile. [ETFs to Short the Yen Like Mark Cuban]
CurrencyShares Japanese Yen Trust
For more information on the yen, visit our Japanese yen category.
Max Chen contributed to this article.