“The yen surged at the start of this year as investors sought safe assets while concern about Chinese economic growth roiled global financial markets. The Japanese currency has fallen for the past four years as policy makers carried out unprecedented stimulus to spur inflation,” according to Bloomberg.
The rising yen comes as Japan’s economy begins to stumble, which has added to speculation about the success of the so-called Abenomics growth program. For instance, recent Japanese government data revealed that consumer prices fell for the first time in over two years in August, a setback to the administrations fight against deflation.
CurrencyShares Japanese Yen Trust
