Sudden Doubts About Dollar ETFs

Japan has overtly blasted Trump for saying the country has intentionally devalued the yen, indicating the CurrencyShares Japanese Yen Trust (NYSEArca: FXY) could be poised for a resurgence against the dollar and UUP.

“But if the market perceives any dovish tilt in tone, then USD/JPY could quickly come in for a beating. The pair has not been able to retake the key 115.00 level for days and a failure to do so this week could point to a steeper correction toward the 110.00 figure,” according to ETF Daily News.

For more information on the USD, visit our U.S. dollar category.

• Earn up to 4 CE Credit! Registration is open for the 2017 ETF Trends Virtual Conference on Wednesday, Feb. 8. To register or learn more, visit