what is a yen etf 
the term yen etf refers to an exchange traded fund etf that tracks the relative value of the japanese yen jpy in the foreign exchange forex market this is done against a single currency or against a basket of other currencies yen etfs invest primarily in yen backed assets including short term debt instruments and bonds or simply hold the spot currency in interest bearing accounts investing in a yen etf gives investors exposure and access to the yen without the need for forex accounts 