The EWJ has failed to capture the full measure of the move higher in Japanese stocks.
Despite the downgrade, Japanese stocks in the iShares Japan (EWJ) were moving higher on Tuesday.
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Another idea for broad large cap Japanese company exposure is the iShares MSCI Japan Index (EWJ) ETF.
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In the interest of full disclosure we have a position in the iShares Japan Index etf, EWJ.
This included iShares MSCI Japan ( EWJ), which has an average daily trading volume of 45 million shares.
Here is the performance of the most popular Japanese ETF on the market, the iShares MSCI Japan (EWJ).
The iShares MSCI Japan (EWJ) ETF is a reliable tracker of Japanese stocks, but it comes with currency risk.
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Look at the EWJ for a proxy of pain in the stock market.
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On both a one-year and a five-year basis, EWJ has beaten the Nikkei.
The iShares MSCI Japan Index (EWJ) shows the same technical damage and was trading 7.6% lower pre-market Tuesday in New York.
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These two factors may partially explain why EWJ was priced at an eight-cent per share premium to its NAV as of Wednesday evening.
The iShares MSCI Japan Index Fund ( EWJ) gapped below support on April 4, which completed the daily top formation, lines d and e.
Those not wishing to follow individual Japanese companies can acquire an ETF like EWJ, which holds a collection of significant companies.
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You can see the effect of that currency hedge today, with the EWJ up 4.1%, but the DXJ, without the drag of the yen, is up 7.4%.
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Chart Analysis : The iShares MSCI Japan Index ( EWJ) gapped lower on Thursday and is likely to show another down gap Friday and break the daily uptrend, line a.
The chart of the Spyder Trust ( SPY) looks much stronger than EWJ or EWH as it made significant new highs in February and is still above the late February lows.
For example, information on EWJ is available at ishares.com.
Check out the FXI, EWJ, INP, EWZ, and RSX.
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Clearly the iShares MSCI Japan ( EWJ, in yellow) has been the star performer, as it is currently up around 15.4%, leading the Spyder Trust ( SPY, in green) by over 7%.
Volume on EWJ is averaging 4.9 million shares, higher than the ETFs for iShares MSCI Brazil (EWZ), Market Vectors Russia (RSX), Wisdom Tree India (EPI) and the iShares FTSE China (FXI) fund.
Of course an easy way to invest in any kind of Japanese stock market recovery is by purchasing share of iShares MSCI Japan Index fund ( EWJ), which is down about 1% so far this year.
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