Markets seemed unimpressed by Abe’s speech. Prior to his remarks, the U.S. Dollar/Japanese yen pair traded as high as 100.47. At this writing at 2:15 AM Eastern time, the pair is down 0.55% at 99.53. That could put added stress on DXJ, which due to its hedged currency component, benefits when USD/JPY rises.
WisdomTree Japan Hedged Equity Fund
ETF Trends editorial team contributed to this piece.