Yen Falls Across the Board (YCL, SJPY)

On Monday, the Japanese yen lost against all major currencies. Analysts are probably worried that the Japanese recovery shows very little signs of recovery. In today's trading, the British pound added 0.31% to its value against the yen, trading at 131.210. The European currency is also gaining strongly against the Japanese currency, rising 0.7% to 114.880. The Japanese currency is holding ground against the U.S. dollar, however, falling only 0.01% to 80.805. Traders who continue to think Japan's recovery will lag to Europe and the U.S. will be interested in shorting the yen. As a result, they will find an appeal in ProShares Ultra Yen ETF YCL and ETFS Short Japanese Yen Long US Dollar ETC ETF (SJPY).