Reported Earlier, Japan Trade Balance For June 224.0B Vs. -240.0B Est.; -1,220.1B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's trade balance for June was reported at 224.0 billion yen, significantly better than the estimated -240.0 billion yen and the revised prior figure of -1,220.1 billion yen.
July 18, 2024 | 4:19 am
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POSITIVE IMPACT
BBJP, an ETF focused on Japanese equities, is likely to see a positive impact due to Japan's better-than-expected trade balance for June.
BBJP is directly tied to the performance of Japanese equities, which are likely to benefit from the positive trade balance report.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF that hedges currency exposure to Japanese equities, could benefit from the positive trade balance report for June.
DXJ's performance is linked to Japanese equities, which are expected to perform better due to the favorable trade balance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
EWJ, an ETF that tracks the Japanese stock market, is likely to see a positive impact from Japan's better-than-expected trade balance for June.
EWJ's performance is closely tied to the Japanese stock market, which is expected to react positively to the strong trade balance report.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75