ETFs to Play the Rising Yen

(TheStreet) -- The exchange rate between the yen and the U.S. dollar is a big force moving markets in Japan these days and investors looking at ETFs for the country, such as iShares MSCI Japan (NYSE: EWJ), should plan accordingly.

As the yen pushes up against 15-year highs versus the U.S. dollar, the nation's markets are being driven downward on the concern that a strong yen will hurt exports. The most recent statistics would suggest that this fear may be founded.

Although in July exports increased by 23.5% compared to a year ago, this was slower than the 27.7% increase in June.

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