TSLA - DXJ: Capitalizing On Japan's Bull Market Mitigating FX Risk

2024-01-30 07:29:58 ET

Summary

• The WisdomTree Japan Hedged Equity ETF is a top-ranked country ETF as the Japan stock market nears its 1989 all-time high.
• DXJ provides exposure to the Japanese equity market while hedging exposure to fluctuations between the US dollar and the yen.
• The ETF has a strong portfolio with a high dividend yield and favorable tradeability.
• I outline important price levels to monitor as a somewhat risky stretch on the calendar ensues.

Don't be fooled. It's not just the Magnificent Seven stocks on the rise. Along with the Financials sector, and Energy equities which have recently turned higher, leading the S&P 500 last week, many foreign markets are doing just fine. We can go full-blow Carmen Sandiego to find that Latin America, Europe, and even parts of the Asia-Pacific region appear to be in bull markets. Let's inspect the land of the rising sun....

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