Japan's Nikkei 225 Closed Today's Session 1.24% Higher At 32,896.03
Portfolio Pulse from Benzinga Newsdesk
Japan's Nikkei 225 index closed 1.24% higher at 32,896.03, led by gains in marine transportation, securities house, and transportation equipment shares. The USD/JPY exchange rate also rose by 0.55% to 139.59.
July 19, 2023 | 6:44 am
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POSITIVE IMPACT
The rise in the Nikkei 225 index and the USD/JPY exchange rate may positively impact the iShares MSCI Japan ETF (EWJ), which tracks the performance of the Japanese market.
The iShares MSCI Japan ETF (EWJ) tracks the performance of the Japanese market. Therefore, a rise in the Nikkei 225 index and the USD/JPY exchange rate, which indicates a stronger Japanese yen against the US dollar, could potentially lead to an increase in the value of EWJ.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80