EXHIBIT 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in the Registration Statement (Form S-3 No. 333-211932) of CurrencyShares^® Japanese Yen Trust of our reports dated January 11, 2018, with respect to the financial statements of CurrencyShares^® Japanese Yen Trust, and the effectiveness of internal control over financial reporting of CurrencyShares^® Japanese Yen Trust, included in this Annual Report (Form 10-K) for the year ended October 31, 2017.

/s/ Ernst & Young LLP

Tysons, Virginia

January 11, 2018