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, 2015 was an annual nominal rate of 0.00%. For the six months ended April 30, 2015, there were Japanese Yen principal deposits of 30,646,292,831, Japanese Yen principal redemptions of 34,046,624,911 and Japanese Yen withdrawals (to pay expenses) of 23,616,224 resulting in an ending Japanese Yen principal balance of 8,262,025,814. This equates to 69,040,075 USD (which includes USD redemption payable). For the year ended October 31, 2014, there were Japanese Yen principal deposits of 23,909,334,879, Japanese Yen principal redemptions of 26,348,016,499 and Japanese Yen withdrawals (to pay expenses) of 53,958,569 resulting in an ending Japanese Yen principal balance of 11,685,974,118. This equates to 104,241,328 USD (which includes USD subscription receivable).

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.