The CurrencyShares Japanese Yen Trust, an exchange traded fund from
Rydex admitted it didn’t know ahead of time that this was a particularly opportune time to launch a yen currency fund. “Timing is everything with ETF launches, but it’s not like our crystal ball was especially clear this time,” said Steve Sachs, director of trading at Rydex.
The yen currency fund is one of a number of such funds that Rydex offers, including those tied to the Euro, the British pound and the Swedish krona.