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).
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