-
It’s Raining Yen: Weak Currency Could Fuel FLJP, FLJH Rebounds
Earlier this week, the Federal Reserve boosted interest rates by 75 basis points, overtly signaling that the central bank intends to be more aggressive in its fight against inflation. As a result, the U.S. dollar is one of the best-performing currencies in the world this year. Related to that, the Japanese yen resides at its lowest levels in more than two decades against the greenback. That trend is likely to continue, as the Bank of Japan is showing no intent of raising interest rates, and that lower-for-longer policy could eventually fuel rebounds for exchange traded funds, including the Franklin FTSE Japan ETF ... (full story)