“When it comes down to it, the BOJ announcement was not the main catalyst for the yen’s rise, but rather a general risk-off environment stemming from a slide in higher yielding emerging market currencies,” he said. [Emerging Market Currency ETF Falls]
“Most investors didn’t expect any action, but a handful of players thought officials might have done something to put a lid on rising bond yields,” added Joe Manimbo, a market analyst at Western Union Business Solutions, in a Bloomberg News report. “Since that didn’t materialize, we’ve seen a sharp sell-off in the Nikkei. They didn’t do much to instill optimism that Japan is leaning towards more action to settle markets.”
WisdomTree Japan Hedged Equity
