Invesco CurrencyShares Japanese Yen Trust Reports $429.3M in Assets as of June 30, 2026

Invesco CurrencyShares® Japanese Yen Trust reported a total asset value of $429.3 million as of June 30, 2026, a decrease from $475.3 million at the end of the previous fiscal period on December 31, 2025. The decline in assets is primarily attributed to a reduction in Japanese Yen deposits, which fell from $475.3 million to $429.2 million. The Trust's liabilities also decreased slightly, with accrued sponsor fees dropping from $160,130 to $141,628. The Trust's redeemable capital shares decreased from 8.1 million to 7.6 million, reflecting a reduction in shareholder equity from $475.1 million to $429.1 million.

For the second quarter of 2026, the Trust reported interest income of $16,883, a notable increase from zero in the same period of 2025. However, total expenses for the quarter were $441,970, down from $838,814 in the prior year, leading to a net comprehensive loss of $425,087 compared to a loss of $838,814 in the second quarter of 2025. The basic and diluted earnings per share for the quarter were $(0.06), consistent with the previous year’s loss per share of $(0.06). For the first half of 2026, the net comprehensive loss was $901,630, an improvement from a loss of $1.3 million in the first half of 2025.

Operationally, the Trust experienced a significant reduction in the number of shares outstanding, which decreased by 500,000 shares during the second quarter. This reduction was primarily due to share redemptions, which totaled 650,000 shares, while 150,000 shares were purchased. The Trust's cash position also declined, with cash at the end of the period reported at $429.2 million, down from $475.3 million at the beginning of the year. The Trust's interest-bearing deposits earned a nominal interest rate of 0.10% as of June 30, 2026.

The Trust's performance has been influenced by various macroeconomic factors, including fluctuations in the Japanese Yen against the U.S. Dollar, which have been affected by rising U.S. interest rates and geopolitical tensions. The Bank of Japan raised its policy rate to 1.00% in June 2026, the highest level since 1995, in response to inflation pressures. However, the U.S. interest rates remain significantly higher, contributing to the yen's weakness. Looking ahead, the Trust anticipates continued volatility in the Japanese Yen due to ongoing global economic uncertainties and shifts in monetary policy, which may impact its net comprehensive income and overall performance.