The yen traded as low as 101.92 per U.S. dollar Monday, the lowest since May. The Japanese currency sits around 101.32 per USD Tuesday.

The CurrencyShares Japanese Yen Trust (NYSEArca: FXY), which follows the price movement of the Japanese yen against the U.S. dollar, has declined 14.8% year-to-date.

As the yen continues to weaken and the Japanese economy expands, investors can take a look at yen currency-hedged Japan equity ETFs, like the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) and db X-trackers MSCI Japan Hedged Equity Fund (NYSEArca: DBJP), which have gained 35.6% year-to-date and 42.9% year-to-date, respectively. In comparison, the iShares MSCI Japan ETF (NYSEArca: EWJ), a non-currency hedged ETF, rose 24.3% year-to-date. [Good News for Japan ETFs: Goldman’s Still Bullish]

CurrencyShares Japanese Yen Trust

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

Max Chen contributed to this article. Tom Lydon’s clients own shares of DXJ.