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Investment expert Jim Woods shares the details n this straightforward Japanese Yen Trust.

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Highlighting the PowerShares CurrencyShares Japanese Yen Trust

Investment expert Jim Woods shares the details n this straightforward Japanese Yen Trust.

This week??s fund, the PowerShares CurrencyShares Japanese Yen Trust (FXY), tracks the changes in value of the Japanese yen, which is the national currency of Japan.

FXY is a favorite among investors for both long-and short-term exposure to the yen. Its strategy is simple ?? it holds Japanese yen, which is the national currency of Japan, in a deposit account with JPMorgan.

Japan??s central bank, the Bank of Japan (BOJ), currently is using a quantitative easing policy to spur economic growth in the country. At its March meeting, BOJ confirmed its stance on keeping interest rates near 0% by removing a target date for achieving its 2% inflation goal.

Click here to read the rest of the article, “Highlighting the PowerShares CurrencyShares Japanese Yen Trust.

Written By

Jim Woods is a freelance financial journalist specializing in the markets and the economy. He champions the cause of liberty from a secured location deep inside the Golden State.

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