Yen, Yuan and the Falling Dollar

[fourthirtysix]

I've read alot recently on the dollar decline that is going on. Many say that the yuan and yen are completely mis-priced.

Any purchases of Japanese or Chinese stocks seem suspect, because a US-led or global recession could cause losses to those stocks as well as US stocks.

However it seems likely that the Yen and Yuan stand to appreciate significantly against the dollar in the future, someway, somehow, despite efforts to hold the currencies down.

Are there any ways to purchase these currencies outside of stocks (NIKKEI, etc)? I don't know of any Asian currency ETFs. I know the argument for gold and metals, but if I take those out of the picture for the moment, are there any other smart ways to get Yen/Yuan exposure to hedge against dollar declines vs. asian currencies?

[jk]

Re: Yen, Yuan and the Falling Dollar

you can do yen with futures.
you might want to look at everbank- they have numerous currencies available in fdic insured accounts.
there is a structured note from citibank, symbol czj, which gives 5x leverage in a portfolio of the singapore dollar, the thai baht, the hong kong dollar, taiwanese dollar and south korean won.
there are some closed end funds - look at gim.
there are open end mutual funds in relatively short dated foreign currency bonds- e.g. plmdx and pfbdx.