“This week, we will probably see another tick up in the CPI data out of Japan,” Steven Saywell, global head of foreign-exchange strategy at BNP Paribas SA in London, said in the article.
As the yen continues to weaken and the Japanese economy expands, investors can take a look at yen currency-hedged Japan equity ETFs, like the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) and db X-trackers MSCI Japan Hedged Equity Fund (NYSEArca: DBJP), which have gained 36.7% year-to-date and 44.0% year-to-date, respectively. In comparison, the iShares MSCI Japan ETF (NYSEArca: EWJ), a non-currency hedged ETF, rose 25.3% year-to-date. [Good News for Japan ETFs: Goldman’s Still Bullish]
CurrencyShares Japanese Yen Trust
For more information on Japan, visit our Japan category.
Max Chen contributed to this article.