Yen ETF Attracts Fresh Inflows as Dollar Rally Pauses Against Japan’s Currency
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The Invesco CurrencyShares Japanese Yen Trust, FXY, drew fresh investor interest on January 29, 2026, with an estimated $8.98 million in net inflows. The move represents roughly 1.80% of the fund’s latest reported assets under management of $499.16 million, a meaningful single-day allocation shift for a currency-focused ETF.
The renewed buying suggests investors are reassessing their exposure to the yen after a prolonged period of dollar dominance. A nearly 2% swing in AUM via one day of flows indicates that some market participants may be positioning either for a moderation in U.S. dollar strength or for potential policy shifts from the Bank of Japan that could alter the yen’s trajectory.
The related asset, FX:USD-JPY, is currently trading at 154.737. Over the past three months, the pair has been almost flat, with a modest 0.44% gain, reflecting a consolidation phase after earlier sharp moves in the exchange rate. The short-term trading picture is similarly noncommittal, with a 1-day technical signal of Hold, underscoring the market’s wait-and-see stance.
For investors, the combination of notable inflows into FXY and a largely directionless three-month performance in USD/JPY paints a picture of quiet repositioning rather than a decisive macro shift—at least for now. For a more detailed analysis and real-time sentiment trends, check the live currency exchange rates here.

