I neglected to mention in that post that there is an ETF that does exactly this trade: DXJ. It made a new all-time high intraday today.
Shorter-term of years makes the Nikkei look like it will bounce versus the S&P 500 Index, note that currency depreciation massive enough to push the stock index higher would boost NK over ES. Longer-term, Japanese stocks looks like an abandoned asset class relative to the S&P 500 Index.I'm only short the yen for now. DXJ is a decent vehicle becauase WisdomTree tilts the porfolio into export companies. It is at least a great starting point for people who want to maybe construct their own Japanese-stock portfolio. Speaking of myself, I seldom look at Japanese stocks and almost no one speaks of them outside of a few major exceptions that trade in overseas markets or are extremely high-profile companies.
Lesaka to acquire leading payment platform Adumo welcoming new shareholders
Apis and ARC
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JOHANNESBURG, South Africa, May 07, 2024 (GLOBE NEWSWIRE) -- Lesaka
Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka”) has signed a
definitive agree...
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