Now, Eurozone shares are strengthening as upbeat earnings and a rebound in oil prices helped support the region’s benchmark, MarketWatch reports.
Additionally, the iShares MSCI Japan ETF (NYSEArca: EWJ) increased 6.9% over the past three months and also recently broke above its resistance at the 200-day simple moving average.
Meanwhile, currency hedged ETFs, which diminished the negative effect of a weaker yen currency, continue to fall behind as the surge in the JPY this year weighed on the hedged ETF options. For instance, over the past three months, the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) was down 1.3%, iShares Currency Hedged MSCI Japan ETF (NYSEArca: HEWJ) dipped 0.3% and Deutsche X-trackers MSCI Japan Hedged Equity ETF (NYSEArca: DBJP) fell 0.3%.
Japanese equities have strengthened in the past week as the yen currency weakened. The export-heavy market has been weighed down by an appreciating JPY that recently climbed near an 18-month high.
iShares MSCI EMU ETF