Be careful guys on leveraged ETFs including this one. Daily re-balancing is deceiving. Not to say that YCS still isn't an okay yen short for the retail investor, but returns won't be as good as one may expect. Here's a great article on leveraged ETFs for those who are interested: http://www.slcg.com/pdf/workingpapers/Leveraged%20ETFs,%20Holding%20Periods%20and%20Investment%20Shortfalls.pdf