This paper aims to compare the Japanese Yen against the US Dollar over a five year period
starting from 2005 till 2010. The exchange traded fund for Japanese Yen shall also be discussed
in the paper and a$erwards an analysis of both the currencies shall be presented. There are
di&erent factors that in’uence the exchange rate di&erences between any two chosen
currencies. The e&ects produced by these di&erent exchange rates can be of quite di&erent
intensity. The most common elements that have an impact on exchange rate di&erence include
economic factors, socio political factors and other behavioral or technical factors also. The
macroeconomic factors such as growth of a country, employment rate, gross domestic product
etc. All contribute in ‘uctuation of the country’s currency. (Adam & Vines, 2009) Exchange