The central bank previously stated it would target ETFs that track the JPX-Nikkei 400 Index. The JPX-Nikkei 400 Index was launched in January 2014 as a means of revitalizing the Japanese equity market. The JPX-Nikkei 400 Index employs a rigorous screening process based on return on equity, cumulative operating profit and market capitalization to select high-quality, capital-efficient Japanese companies.
“Taking a look at the Japan iShares ETF (EWJ), you can see that the bulls took control of the momentum in mid-February, and the price has been rising steadily toward the resistance of the 200-day moving average and descending trendline ever since. Active traders will watch for these resistance levels to prevent the price from heading higher like they did in the past and many bears will likely use these levels to set the placement of their short orders. From a risk management perspective, stop-loss orders will likely be placed directly above the 200-day moving average, which is trading at $12.07,” according to Investopedia.
iShares MSCI Japan ETF