Thu, May 8, 9:12 PM (15 days ago)
**Invesco CurrencyShares® Japanese Yen Trust (FXY) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Assets:** Total assets increased to $549,055,814 from $393,691,700, primarily due to Japanese Yen deposits. - **Liabilities:** Total liabilities decreased to $175,213 from $3,074,396, mainly due to a reduction in redemptions payable. - **Shareholders' Equity:** Increased to $548,880,601 from $390,617,304, reflecting the growth in redeemable capital shares. - **Net Comprehensive Income (Loss):** Reported a loss of $435,228, compared to a loss of $460,972 in Q1 2024, primarily due to sponsor's fees. - **Earnings per Share:** Basic and diluted earnings per share were $(0.06) and $(0.09) for Q1 2025 and 2024, respectively. **Revenue & Profit Margins:** - **Revenue:** No interest income was reported for both periods. - **Expenses:** Sponsor's fee was $435,228 in Q1 2025, slightly lower than $460,972 in Q1 2024. - **Profit Margins:** Negative due to the absence of interest income and the presence of sponsor's fees. **Cash Flow:** - **Operating Activities:** Net cash used in operating activities was $(397,309) in Q1 2025, compared to $(452,237) in Q1 2024. - **Financing Activities:** Net cash provided by financing activities was $136,451,806 in Q1 2025, significantly higher than $49,566,696 in Q1 2024, due to increased proceeds from purchases of redeemable capital shares. - **Net Change in Cash:** Positive at $155,364,114 in Q1 2025, compared to $27,120,637 in Q1 2024. **Trends & Uncertainties:** - **Market Volatility:** The Japanese Yen experienced fluctuations due to global tariff policies, US recession concerns, and geopolitical tensions. - **Interest Rates:** The interest rate on Japanese Yen deposits was 0.00%, impacting the Trust's income. - **Share Transactions:** There were significant purchases and redemptions of shares, affecting the Trust's cash flow. **Future Operations:** - The Trust's performance is directly tied to the value of the Japanese Yen and the USD/JPY exchange rate. - Continued market volatility and geopolitical events may impact the Trust's financial performance. - The Trust does not engage in activities to mitigate losses from currency fluctuations, and investors are exposed to price volatility risks.