<SEC-DOCUMENT>0000897069-25-000245.txt : 20250214
<SEC-HEADER>0000897069-25-000245.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214122615
ACCESSION NUMBER:		0000897069-25-000245
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco CurrencyShares Japanese Yen Trust
		CENTRAL INDEX KEY:			0001353613
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		ORGANIZATION NAME:           	09 Crypto Assets
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-83957
		FILM NUMBER:		25625685

	BUSINESS ADDRESS:	
		STREET 1:		C/O INVESCO SPECIALIZED PRODUCTS
		STREET 2:		3500 LACEY ROAD, SUITE 700
		CITY:			DOWNERS GROVE
		STATE:			IL
		ZIP:			60515
		BUSINESS PHONE:		800-983-0903

	MAIL ADDRESS:	
		STREET 1:		C/O INVESCO SPECIALIZED PRODUCTS
		STREET 2:		3500 LACEY ROAD, SUITE 700
		CITY:			DOWNERS GROVE
		STATE:			IL
		ZIP:			60515

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CURRENCYSHARES JAPANESE YEN TRUST
		DATE OF NAME CHANGE:	20060216

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEUTHOLD GROUP, LLC
		CENTRAL INDEX KEY:			0001170152
		ORGANIZATION NAME:           	
		IRS NUMBER:				411971243

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		150 SOUTH FIFTH STREET
		STREET 2:		SUITE 1700
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		6123329141

	MAIL ADDRESS:	
		STREET 1:		150 SOUTH FIFTH STREET
		STREET 2:		SUITE 1700
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEUTHOLD WEEDEN CAPITAL MANAGEMENT
		DATE OF NAME CHANGE:	20100217

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEUTHOLD WEEDEN CAPITAL MANAGEMENT LLC
		DATE OF NAME CHANGE:	20020328
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G/A</submissionType>
<previousAccessionNumber>0000897069-14-000143</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001170152</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>13</amendmentNo>
<securitiesClassTitle>Japanese Yen Shares</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>01/31/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001353613</issuerCik>
<issuerName>Invesco CurrencyShares Japanese Yen Trust</issuerName>
<issuerCusip>46138W107</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>3500 Lacey Road</com:street1>
<com:street2>Suite 700</com:street2>
<com:city>Downers Grove</com:city>
<com:stateOrCountry>IL</com:stateOrCountry>
<com:zipCode>60515</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>LEUTHOLD GROUP, LLC</reportingPersonName>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>94571</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>94571</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>94571</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>1.41</classPercent>
<typeOfReportingPerson>IA</typeOfReportingPerson>
<comments>This percentage is calculated based on 6,700,000 shares of beneficial interest outstanding, as publicly reported by the issuer.</comments>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Invesco CurrencyShares Japanese Yen Trust</issuerName>
<issuerPrincipalExecutiveOfficeAddress>3500 Lacey Road, Suite 700, Downers Grove, Illinois, 60515</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>The person filing this Schedule 13G is The Leuthold Group, LLC (d/b/a Leuthold Weeden Capital Management), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. The Leuthold Group, LLC is the investment adviser to various clients, including the Leuthold Core Investment Fund and the Leuthold Core ETF.</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>150 South Fifth Street, Suite 1700, Minneapolis, MN  55402</principalBusinessOfficeOrResidenceAddress>
<citizenship>The Leuthold Group, LLC (d/b/a Leuthold Weeden Capital Management) is a Delaware limited liability company.</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>IA</typeOfPersonFiling>
<typeOfPersonFiling>IV</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>Leuthold Group, LLC - 94,571</amountBeneficiallyOwned>
<classPercent>Leuthold Group, LLC - 1.41</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>Leuthold Group, LLC - 94,571</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>Leuthold Group, LLC - 0</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>Leuthold Group, LLC - 94,571</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>Leuthold Group, LLC - 0</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>N</notApplicableFlag>
<classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
</item5>
<item6>
<notApplicableFlag>N</notApplicableFlag>
<ownershipMoreThan5PercentOnBehalfOfAnotherPerson>The securities reported in this statement are beneficially owned by managed accounts that are investment management clients of the Reporting Person.  The investment management contracts of these clients grant to the Reporting Person all investment and voting power over the securities reported in this statement.  Therefore, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, the Reporting Person is deemed to be the beneficial owner of the securities reported in this statement.  The clients of the Reporting Person have the right to receive or power to direct the receipt of dividends from, as well as the proceeds from the sale of, the securities reported in this statement.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>LEUTHOLD GROUP, LLC</reportingPersonName>
<signatureDetails>
<signature>/s/ Glenn R. Larson</signature>
<title>Glenn R. Larson, Chief Compliance Officer</title>
<date>02/14/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
