DXJ recently moved above the downtrend line that goes back to the May high and with today’s slight pullback, the ETF appears to be finding support around the rising 50-day moving average, both bullish signs.
Separately, WisdomTree (NasdaqGM: WETF) announced the new WisdomTree Japan Hedged SmallCap Equity Fund (NYSEArca: DXJS), DXJ’s small-cap equivalent, has become the company’s seventh ETF available for sale in Japan through Japanese securities companies.
WisdomTree Japan Hedged Equity Fund
ETF Trends editorial team contributed to this post. Tom Lydon’t clients own shares of DXJ.