FXY — what changed in the latest 10-Q
A section-by-section comparison of FXY's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +5 | −3 | ~6 | 8 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
The Japanese yen (JPY) delivered negative performance during the second quarter of 2026 as higher U.S. interest rates and continued demand for the USD outweighed support from tighter monetary policy in Japan. Rising energy prices associated with the conflict in the Middle East created additional cha…
The Japanese Yen (JPY/USD) continued higher in the second quarter of 2025, supported by USD weakness, but also safe haven demand and shifting monetary policy expectations. While the BoJ held its policy rate steady amid escalating U.S. tariff uncertainty, the yen still benefited from rising global tu…
The Japanese Yen (JPY) delivered negative performance year-to-date through the second quarter of 2026 as higher U.S. interest rates and persistent USD strength continued to outweigh support from tighter monetary policy in Japan. During the first quarter, the yen came under pressure as rising energy …
The Japanese Yen (JPY/USD) advanced in the first half of 2025, supported by persistent USD weakness and elevated safe haven demand. In the first quarter, deteriorating US sentiment amid global tariff volatility and stagflation concerns pressured the USD, while expectations for BoJ rate hikes support…
Additionally, the interest rate paid by the Depository has generally remained flat over the past year to the current interest rate at 0.10%, as set forth in the FXY Rate Chart above. As long as the Sponsor’s fee and the interest expense on currency deposits, if any, exceeds interest income, the Trus…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
The Japanese Yen (JPY) weakened during the first quarter of 2026, resulting in negative performance for the Fund, with broad U.S. dollar strength serving as the primary driver. While JPY is traditionally viewed as a safe‑haven currency, its appeal was limited by Japan’s relatively low interest rates…
The Japanese Yen ended the first quarter of 2025 higher, largely thanks to US dollar (USD) weakness. Macroeconomic concerns ignited by shifting global tariff policies and mounting stagflation fears dented consumer, investor, as well as business sentiment in the US, leading to a sharp downturn in dom…
Additionally, the interest rate paid by the Depository has generally remained flat over the past year to the current interest rate of 0.00%, as set forth in the FXY Rate Chart above. As long as the Sponsor’s fee and the interest expense on currency deposits, if any, exceed interest income, the Trust…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice