ETF Trends
ETF Trends

The Bank of Japan voted eight to one in favor of keeping its interest rate at 0.5%, which could help the exchange traded fund (ETF) yen carry trade regain strength. Following the announcement, the yen declined toward the 116 level against the U.S. dollar, according to Seeking Alpha’s Wall Street Breakfast segment. The vote also might be partially responsible for the higher closes of some Japanese stocks. Japan-related ETFs to watch include:

  • iShares MSCI Japan (EWJ)
  • iShares S&P/Topix 150 (ITF)
  • CurrencyShares Japanese Yen Trust (FXY)

Yen_etf_chart

Read the disclosure, as Tom Lydon is a board member of Rydex Investments.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.