WisdomTree Long JPY Short USD 3x Daily

"WisdomTree Long JPY Short USD 3x Daily" is an exchange-traded product that aims to deliver three times the daily movement of the Japanese yen against the US dollar. It achieves this by using leveraged foreign exchange forward contracts to take a long position on the Japanese yen and a short position on the US dollar. This means that if the yen strengthens relative to the dollar, the fund’s value increases threefold, and if the yen weakens, the fund’s value decreases threefold, based on the daily exchange rate changes between JPY and USD.