Japanese Yen Deposits

9 Months Ended

Jul. 31, 2017

Cash and Cash Equivalents [Abstract]

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 July 31, 2017 was an annual nominal rate of -0.10%. For the nine months July 31, 2017, there were Japanese Yen principal deposits of 30,841,041,732, Japanese Yen principal redemptions of 29,872,511,883 and Japanese Yen withdrawals (to pay expenses) of 50,157,508, resulting in an ending Japanese Yen principal balance of 12,507,218,194. This equates to 113,192,617 USD. For the year ended October 31, 2016, there were Japanese Yen principal deposits of 48,913,044,314, Japanese Yen principal redemptions of 52,752,711,224 and Japanese Yen withdrawals (to pay expenses) of 91,904,462 resulting in an ending Japanese Yen principal balance of 11,588,845,853. This equates to 110,280,686 USD.

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.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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