“The beginning of this week could be met with more risk aversion as Asia stocks echo the poor performance on Wall Street,” said Dubrovsky. “Notable economic event risk is lacking, placing the focus on how market mood unfolds.”
“Meanwhile the Japanese Yen could be in store for more gains,” Dubrovsky added.
Japan’s economy itself experienced a three-year low in GDP growth during the third quarter, but it hasn’t stopped investors from viewing the country as a safe haven investment destination as volatility reigns in the U.S., while Europe and China echo global economic concerns. As such, ETF investors can look at Japanese yen ETFs like the Invesco CurrencyShares Japanese Yen Trust (NYSEArca: FXY) and other options presented below:
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