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home / news releases / weak yen unlikely to end japan s rally


EWJV - Weak Yen Unlikely To End Japan's Rally

2024-05-13 10:40:00 ET

Summary

  • A weak yen is unlikely to end the positive momentum in Japanese equities. The drivers of the recent rally remain, so we stay overweight Japanese stocks.
  • The S&P 500 neared its 2024 highs last week, supported by strong Q1 earnings. In Japan, authorities appear to have intervened to bolster a weak yen.
  • We’re eyeing U.S. CPI inflation data this week to gauge if it will keep coming in hot. We see U.S. interest rates staying high for longer given sticky inflation.

Transcript

Twelve-month returns for the MSCI Japan are near 17% in U.S. dollar terms (as of May 6, 2024)....

For further details see:

Weak Yen Unlikely To End Japan's Rally
Stock Information

Company Name: iShares MSCI Japan Value ETF
Stock Symbol: EWJV
Market: NASDAQ

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