Japanese Yen Deposits

6 Months Ended

Apr. 30, 2012

Japanese Yen Deposits [Abstract]

Japanese Yen Deposits

3. Japanese Yen Deposits

Japanese Yen principal deposits are held in a Japanese Yen-denominated, interest-bearing demand account. The interest rate in effect as of April 30, 2012 was an annual nominal rate of 0.00%. For the six months ended April 30, 2012, there were Japanese Yen principal deposits of 35,440,846,761, Japanese Yen principal redemptions of 69,391,722,828 and Japanese Yen withdrawals (to pay expenses) of 87,843,201 resulting in an ending Japanese Yen principal balance of 17,214,406,427. This equates to 215,597,801 USD. For the year ended October 31, 2011, there were Japanese Yen principal deposits of 88,793,945,166, Japanese Yen principal redemptions of 56,278,620,069 and Japanese Yen withdrawals (to pay expenses) of 65,679,396 resulting in an ending Japanese Yen principal balance of 51,253,125,695. This equates to 657,302,029 USD (which includes USD subscriptions receivable and USD redemptions payable).

Net interest, if any, associated with creation and redemption activity is held in a Japanese Yen-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.