Slumping Yen a Boon for Japan ETFs
December 19, 2013 at 15:22 PM EST
After the Fed’s $10 billion tapering announcement, the Japanese yen exchange traded fund pulled back, with the yen currency trading near a five-year low against the U.S. dollar. The CurrencyShares Japanese Yen Trust (NYSEArca: FXY) is down 1.5% since the Dec. 17 close. FXY is down 16.9%...