Why Japanese Yen ETFs Are In Free Fall

March 13, 2012

 

The yen, a former safe haven in global currency markets, has hit an 11-month low, causing the CurrencyShares Japanese Yen Trust (NYSEArca: FXY) to dip, as the U.S. market improves and anxiety about Greece declines, according to an article on ETF Trends.

FXY dropped 0.9 percent Friday, bringing its total decline in the past month to more than 5.6 percent. In comparison, the ProShares UltraShort Yen ETF (NYSEArca: YCS) jumped 2.0 percent and is 11.9 percent higher in the past month, the article said.

Check out ETFtrends.com for the full breakdown on FXY.

Find your next ETF

Reset All