WisdomTree Japan Hedged Equity Fund (ARCA: DXJ)

에 대한 최신 뉴스 WisdomTree Japan Hedged Equity Fund (ARCA:DXJ)

WisdomTree Japan Hedged Equity Fund

Industrials

Consumer Cyclical

Financial Services

Technology

Basic Materials

Consumer Defensive

Healthcare

Communication Services

Energy

Utilities

Other

Under normal circumstances, at least 95% of the funds total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese yen relative to the U.S. dollar. The fund is non-diversified.

State Street Navigator Securities Lending Government Money Market Portfolio

Toyota Motor Corp

Mitsubishi Ufj Financial Group Inc

Analyst Color

Asia

Long Ideas

Short Ideas

Forex

Markets

Analyst Ratings

Trading Ideas

BBJP

WisdomTree Trust Japan Total Dividend Fund

다음 주 일본은행(BoJ) 회의를 앞두고 투자자 심리가 다시 &#39;BoJ 트레이드&#39;로 돌아서고 있다. 이는 일본 주식과 은행에 대한 롱(매수) 포지션을 취하고, 엔화와 일본 국채(JGB)를 숏(매도) 포지션으로 거래하는 전략이다.

트럼프 정책 &#39;BoJ 트레이드&#39;를 되살릴까: 일본이 새로운 인플레이션 투자처인가?

WisdomTree Japan Hedged SmallCap Equity Fund

Macro Economic Events

News

Econ #s

Economics

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For December 51.4 Vs. 50.5 Prior

Reported Earlier, Japan Tankan Large Non-Manufacturers Index For Q4 33 Vs. 33 Est.; 34 Prior

Reported Earlier, Japan Tankan Large Manufacturers Index For Q4 14 Vs. 13 Est.; 13 Prior

Reported Earlier, Japan Tankan Big Manufacturing Outlook Index For Q4 13 Vs. 14 Prior

Reported Earlier, Japan Industrial Production (MoM) For October 2.8% Vs. 3.0% Est.; 1.6% Prior

Reported Earlier, Japan Tankan All Big Industry CAPEX For Q4 11.3% Vs. 9.6% Est.; 10.6% Prior

Ahead of next week's <a href="https://www.benzinga.com/topic/bank-of-japan">Bank of Japan</a> (BoJ) meeting, investor sentiment is shifting back toward the &#8216;BoJ trade&#8217; — a strategy that plays on long Japanese equities and banks, while shorting the yen and Japanese government bonds (JGBs).
Despite recent reports suggesting the BoJ is unlikely to hike rates before 2024, this revived trade has gained momentum, particularly after Donald Trump's election win, according to JPMorgan analyst Nikolaos Panigirtzoglou.
The yen has weakened, moving from 150 to 153 against the dollar, and the probability of a December rate hike has dropped sharply from 50% to just over 10%.
Read Also: <a href="https://www.benzinga.com/news/econ-s/24/11/42221646/stocks-fall-yen-eyes-best-day-in-2-months-bitcoin-rebounds-above-96000-whats-driving-markets-wednesday">Stocks Fall, Yen Eyes Best Day In 2 Months, Bitcoin Rebounds Above $96,000: What&#8217;s Driving Markets Wednesday?</a>
<h2 class="wp-block-heading">Trump's Influence</h2>
Panigirtzoglou highlights that investors have been increasing their long positions in Japanese equities, shorting the yen, and shorting JGB futures, expecting that Japan's inflationary pressure from a weaker yen will lead to a boost in economic activity. 
The "BoJ trade" emerged at the end of 2022, with the expectation that Japan's persistent negative real rates and a weaker yen would spark inflation and allow the BoJ to lift nominal policy rates.
The inflationary aspect of Trump's policies, which reduce the chance of aggressive Fed rate cuts, has reignited investor interest in the trade.
<h2 class="wp-block-heading">The BoJ's Indecision: A Mixed Market Reaction</h2>
Since September, Japanese equities have traded in a range, although Japanese banks have outperformed, benefiting from the weaker yen. 
Positioning in the futures space, particularly for Nikkei and JGBs, has been volatile. While the unwinding of the "BoJ trade" had been significant earlier this year, post-election positioning has surged. However, this build-up in JGB futures didn't last long, as investor sentiment quickly adjusted, reflecting uncertainty over the BoJ's next move.
As Panigirtzoglou notes, the positioning shift was particularly notable, with one-third of the short positions in yen futures and significant unwinding of short positions in JGB futures by the end of September.
<h2 class="wp-block-heading">Is Japan Still The Inflation Play?</h2>
With Japan&#8217;s inflationary prospects, driven by negative real rates and a weaker yen, the "BoJ trade" remains a potential winner for investors willing to bet on Japan's evolving economic landscape. 
But with market fluctuations and global risks, the outlook remains mixed. As Panigirtzoglou states, the trajectory of the trade hinges largely on the BoJ's decisions in the coming months—investors are closely watching to see if the central bank will wait or take action.
The iShares MSCI Japan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWJ#NYSE">EWJ</a>), the JPMorgan BetaBuilders Japan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBJP#NYSE">BBJP</a>) and the WisdomTree Japan Hedged Equity Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXJ#NYSE">DXJ</a>) are popular ways to get exposure to Japanese equity.
The Invesco Currencyshares Japanese Yen Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXY#NYSE">FXY</a>) provides exposure to the Japanese yen.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42244807/dollar-snaps-8-week-winning-streak-falls-to-1-month-low-versus-yen-as-traders-brace-for-bojs-interest-rate-hike">Dollar Snaps 8-Week Winning Streak, Falls To 1-Month Low Versus Yen As Traders Brace For Bank Of Japan Interest Rate Hike</a></li>
</ul>
Image: Shutterstock

Trump Policies To Kick BoJ Trade Back Into Gear: Is Japan The New Inflation Play?

Reported Earlier, Japan BSI Large Manufacturing Conditions For Q4 6.3 Vs. 1.8 Est.; 4.5 Prior

Reported Earlier, Japan Gross Domestic Product (GDP) Price Index (YoY) For Q3 2.4% Est.; 2.5% Est.; 3.2% Prior

Reported Earlier, Japan Gross Domestic Product (GDP) Annualized (QoQ) For Q3 1.2% Vs. 0.9% Est.; 2.9% Prior

Reported Earlier, Japan Gross Domestic Product (QoQ) For Q3 0.3% Vs. 0.2% Est.; 0.5% (Revised) Prior

Reported Earlier, Japan Current Account n.s.a. For October 2.457T Vs. 2.318T Est.; 1.717T Prior

Reported Earlier, Japan Adjusted Current Account For October 2.41T Vs. 2.28T Est.; 1.27T Prior

Reported Earlier, Japan Household Spending (MoM) For October 2.9% Vs. 0.4% Est.; -1.3% Prior

Reported Earlier, Japan Household Spending (YoY) For October -1.3% Vs. -2.6% Est.; -1.1% Prior

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For November 50.5 Vs. 50.2 Est.; 49.7 Prior

Reported Earlier, Japan 10-Year JGB Auction 1.084% Vs. 1.000% Prior

Reported Earlier, Japan Capital Spending (YoY) For Q3 8.1% Vs. 6.7% Est.; 7.4% Prior

Reported Earlier, Japan Industrial Production (MoM) Preliminary For October 3.0% Vs. 3.8% Est.; 1.6% Prior

Reported Earlier, Japan Tokyo Core Consumer Price Index (CPI) YoY For November 2.2% Vs. 2.0% Est.; 1.8% Prior

Global Central Bank Outlook

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Asia markets mixed; Aussie jobless rate drops to 8-month low; eyes on China's key gathering

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Japan's Tankan Was Uninspiring And U.K. Disappoints With Contracting Economy In October

Markets Weekly Outlook - Will Fed Rate Cut And BoJ Decision Spur Volatility?

Weekly Commentary: Monitoring For Peak Bubble Excess - Q3 2024 Z.1

Japan's factory activity shrinks for sixth straight month, services activity improves in December

Asia markets mixed as traders assess mixed economic data in the region; eyes on major central back decisions

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