Invesco CurrencyShares Japanese Yen Trust

The Trust has no employees, officers or directors. None of the managers or officers of the Sponsor receive compensation (including in the form of equity award grants) from the Trust. The Sponsor receives a Sponsor’s fee, which accrues daily at an annual nominal rate of 0.40% of the Japanese Yen in the Trust (including all unpaid interest but excluding unpaid fees, each as accrued through the immediately preceding day) and is paid monthly.

For the year ended December 31, 2025, the Trust incurred Sponsor’s fees of $2,394,370 of which $2,234,240 had been paid at December 31, 2025. Sponsor’s fees of $160,130 were unpaid at December 31, 2025 and are reported as a liability on the Statement of Financial Condition.

For the year ended December 31, 2024 , the Trust incurred Sponsor’s fees of $1,474,607 of which $1,337,394 had been paid at December 31, 2024. Sponsor’s fees of $137,213 were unpaid at December 31, 2024 and are reported as a liability on the Statement of Financial Condition.