WisdomTree Japan Hedged Equity ETF (DXJ) - NYSEARCA
  • Nov. 20, 2013, 2:26 AM
    • Japanese exports rose at their fastest pace in three years, jumping 18.6% on year in October vs 11.5% in September and beating consensus of 16.5%.
    • Exports also rose 4.4% in volume terms, suggesting that Japan is not just relying on the weak yen to boost trade. Car shipments were particularly strong, surging 31.3% in yen terms and 7.5% in in volume terms.
    • Imports jumped 26.1% vs +16.5% and +19%, again driven higher by soaring fuel costs.
    • The trade deficit rose to ¥1.09T ($11B) from ¥932.1B and was above forecasts for ¥813.5B.
    • The Nikkei is -0.3%, while the USD-JPY is flat at ¥100.13. (PR)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JGBL, JSC, JPP, ITF, DXJS, JGBT, JPNL, JPNS, FJP
    | Nov. 20, 2013, 2:26 AM | 1 Comment
  • Nov. 18, 2013, 9:19 AM
    | Nov. 18, 2013, 9:19 AM | 1 Comment
  • Nov. 15, 2013, 5:04 AM
    • The Nikkei 225 has risen 1.95% to close at a six-month high of 15,165.92, which also represents a 7.7% gain since last Friday - the best weekly performance this year.
    • As has often been the case with these things, the yen has traveled in the opposite direction, with the USD-JPY +0.3% to ¥100.36.
    • The USD-JPY appears to still be feeling the effects of Finance Minister Taro Asa saying that the government still has the option of intervening in currency markets to keep the yen down.
    • Janet Yellen's dovish comments at her confirmation hearing have been soothing stock markets that have been concerned about Fed tapering, although shouldn't her remarks be helping to weaken the dollar?
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Nov. 15, 2013, 5:04 AM
  • Nov. 14, 2013, 7:42 AM
    • The Nikkei continues a big rally this week, up 2.1% overnight and now higher by about 6% this week. Boosting the action last night was Finance Minister Tara Aso saying the government still has the option of intervening in currency markets. This had the yen (FXY) falling further and allowed dollar/yen to bust through ¥100 for the first time since about Labor Day.
    • "The view that tapering of stimulus won’t happen for a while is spreading,” says one fund manager. Taper? Japan? Yikes.
    • Separately, Nomura's Norikazu Akedo says the government must continue to feed the monkey or the Nikkei could fall 20%. “Worldwide investors are breathlessly watching the future of Japan,” he says. “We want the government to send out strong messages to foreign and local investors.”
    • Related ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JGBL, JSC, JPP, ITF, JGBT, DXJS, JPNL, JPNS, FJP
    | Nov. 14, 2013, 7:42 AM | 1 Comment
  • Nov. 13, 2013, 7:02 PM
    | Nov. 13, 2013, 7:02 PM
  • Nov. 12, 2013, 10:34 PM
    • Japan September core machinery orders: -2.1% versus -1.4% expected and +5.4% previous.
    • A survey shows companies believe orders will fall during the October-December quarter, snapping two quarters of gains.
    • The decline in September suggests capex is still a concern in Japan despite efforts to revive business investment.
    • ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD
    | Nov. 12, 2013, 10:34 PM
  • Nov. 12, 2013, 2:51 AM
    • Japanese machine tool orders, an indicator of business conditions, jumped 8.4% in October after dropping 6.3% in September. (PR)
    • However, consumer confidence surprisingly fell to 41.2 from 45.4 and missed consensus of 46.3. (PR)
    • The USD-JPY is +0.5% to ¥99.69 and the Nikkei is +2.2%.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Nov. 12, 2013, 2:51 AM
  • Nov. 10, 2013, 11:00 PM
    • Philippine shares (EPHE) trade lower by nearly 2% after a powerful typhoon takes a devastating toll on the country.
    • Meanwhile, the Nikkei is up 1% in Tokyo.
    • Data out Monday show Japan's current account logged a surplus of ¥587.3B in September, up 14.3% Y/Y and above the ¥401B economists were expecting.
    • ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD
    | Nov. 10, 2013, 11:00 PM
  • Nov. 5, 2013, 2:57 PM
    • Ready to open for trade on Thursday is WisdomTree's (WETF +0.8%) Korea Hedged Equity Fund (DXKW), which is set up to offer exposure to Korean stocks without being subject to the won's fluctuations.
    • The DKXW joins currency-hedged European (HEDJ) and German (DXGE) ETFs launched by WisdomTree this year as the company looks to build on the wildly successful Japan Hedged Equity Fund (DXJ).
    • With $4.4B in AUM, iShares' MSCI South Korea Capped ETF (EWY) is currently the most popular way for U.S. investors to get South Korean exposure through ETFs. It does not hedge against currency swings.
    | Nov. 5, 2013, 2:57 PM
  • Oct. 31, 2013, 2:30 AM
    • As expected, the Policy Board of the Bank of Japan has maintained its program of expanding the monetary base at an annual rate of ¥60-70T ($611-713B) a year. (PR)
    • The BOJ said it is making steady progress in achieving its target of 2% inflation, and reiterated that it expects CPI of 1.3% in 2014-15 and 1.9% a year later.
    • The central bank slightly increased its 2014-15 GDP growth outlook to 1.5% from a prior prediction of 1.3% but maintained its 2015-16 forecast at 1.5%.
    • The BOJ warned that "overseas economies are performing somewhat weaker than projected" in its April semi-annual report. However, the bank expects those economies "to gradually pick up," mainly in advanced areas.
    • The Nikkei is -1.2% and the USD-yen is -0.2% at ¥98.32. (PR)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JGBL, JSC, JPP, ITF, JGBT, DXJS, JPNL, JPNS, FJP
    | Oct. 31, 2013, 2:30 AM | 1 Comment
  • Oct. 30, 2013, 2:08 AM
    • Japanese industrial output rose 1.5% on month in September after dropping 0.9% in August but missed consensus of +1.8%.
    • On year, production jumped 5.4% after falling 0.4%.
    • Japan's trade ministry forecast that output would increase 4.7% on month in October and then drop 1.2% in November.
    • "Production is on a positive trend because of domestic consumer demand, but this could plunge after the (sales) tax hike next year," said JPMorgan economist Masamichi Adachi. "Exports are the biggest risk to output now due to slowing global demand."
    • The Nikkei is +1.3% and the yen is flat at ¥98.20 to the dollar.  (PR)
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Oct. 30, 2013, 2:08 AM
  • Oct. 29, 2013, 2:42 AM
    • As expected, Japanese unemployment edged down to 4% in September from 4.1% in August. (PR)
    • Overall household spending rose 3.7% on year vs -1.6% and topped consensus of +0.7%. (PR)
    • The growth in retail sales accelerated to 1.8% on month from 0.9% and beat forecasts for +0.4%. On year, sales +3.1% vs +1.1% and expectations of +1.9%. (PR)
    • The Nikkei is -0.5%, while the USD-JPY is -0.1% at ¥97.55.
    • ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
    | Oct. 29, 2013, 2:42 AM
  • Oct. 25, 2013, 4:24 AM
    | Oct. 25, 2013, 4:24 AM
  • Oct. 20, 2013, 10:25 PM
    • Japan September exports: +11.5% versus +15.6 expected and +14.6% previous.
    • Japan September imports: +16.5% versus +20% expected and +16% previous.
    • The big exports miss seems to suggest that "the positive effect of the weak yen may have run its course," RBS' Junko Nishioka notes. Exports to Asia were up just 8.2% Y/Y last month versus 13.5% in August, Reuters notes.
    • The Nikkei is +0.8%, shrugging off the lackluster data as the yen is 0.26% weaker against the dollar to ¥97.96.
    • ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD
    | Oct. 20, 2013, 10:25 PM | 6 Comments
  • Oct. 18, 2013, 5:13 AM
    • World stock markets are awash in green after China's Q3 GDP accelerates to 7.8%, while the increasing belief that the Fed will hold off on tapering its QE program is also adding support - mostly.
    • Not in Japan, though, where stocks fall 0.2% after the yen strengthens against the dollar on the prospects of the U.S. continuing to print money at current levels.
    • Japan ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, FXY, JYN, YCL, YCS.
    • Hong Kong +1.1%, China +0.2%, India +2.15%.
    • EU Stoxx 50 +0.05%, London +0.3%, Paris +0.2%, Frankfurt +0.1%, Milan -0.1%, Madrid +0.2%.
    | Oct. 18, 2013, 5:13 AM
  • Oct. 17, 2013, 3:27 PM
    • Open for trade today is WisdomTree's (WETF +1.4%) Germany Hedged Equity FUnd (DXGE) - set up to track a WisdomTree dividend-weighted index of German stocks while neutralizing exposure to the euro.
    • WisdomTree is hoping for even a sliver of the success of its Japan Hedged Equity Fund (DXJ), which went from nowhere to nearly the biggest Japan ETF player over the past year as that country pursued a major devaluation of the yen. It also made WisdomTree one of 2013's high-flyers, more than doubling in the year's first six months.
    • Deutsche Bank's DBGR - also hedged against currency swings - has failed to gain much traction, acquiring just $9.5M in AUM after about two years on the market. BlackRock's iShares has its own currency-hedged German stock ETF in the works.
    • Other German ETFs: FGM, EWG, GERJ, EWGS, DBGR, BUNL, BUNT, BUND, GGOV.
    | Oct. 17, 2013, 3:27 PM
DXJ Description
WisdomTree Japan Hedged Equity Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. The Fund employs an investment approach designed to track the performance of the WisdomTree Japan Hedged Equity Index. The Index and the Fund are designed to provide exposure to equity securities in Japan, while at the same time hedging exposure to fluctuations between the value of the U.S. dollar and and the Japanese yen. The Index and the Fund seek to track the performance of equity securities in Japan that is attributable solely to stock prices without the effect of currency fluctuations.
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Country: Japan
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