Invesco CurrencyShares Japanese Yen TrustInvesco CurrencyShares Japanese Yen TrustInvesco CurrencyShares Japanese Yen Trust

Invesco CurrencyShares Japanese Yen Trust

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Key stats

Assets under management (AUM)
‪356.89 M‬USD
Fund flows (1Y)
‪145.14 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.4%

About Invesco CurrencyShares Japanese Yen Trust

Issuer
Invesco Ltd.
Brand
Invesco
Expense ratio
0.40%
Home page
Inception date
Feb 12, 2007
Index tracked
Japanese Yen per U.S. Dollar
Management style
Passive
FXY is known for its exposure to the Japanese yen (both long and short). The fund offers a simple strategy it holds Japanese yen in a deposit account. Still, it is worth noting that: 1) there's no deposit insurance on its holdings, so it carries credit risk of its depository, JPMorgan, and 2) distributions and share sales are always taxed at ordinary-income rate (as opposed to capital gains), regardless of holding period. In addition, FXY doesn't deliver the overnight lending rate like its benchmark, but with interest rates in Japan near 0% (or even lower), that's not much of a drawback. In fact, a 0% yield is a boon for those looking to short shares in the fund.

Classification

Asset Class
Currency
Category
Pair
Focus
Long JPY, short USD
Niche
In specie
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy