Franklin FTSE Japan Hedged ETF (ARCA: FLJH)

Latest news for Franklin FTSE Japan Hedged ETF (ARCA:FLJH)

Franklin FTSE Japan Hedged ETF

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Under normal market conditions, the Fund invests at least 80 percent of its assets in the component securities of the FTSE Japan Capped Hedged Index and in depositary receipts representing such securities, including indirectly through the Franklin FTSE Japan ETF (Underlying Fund). The FTSE Japan Capped Hedged Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25 percent of the FTSE Japan Capped Hedged Index weight, and all issuers with weights above 5 percent do not cumulatively exceed 50 percent of the FTSE Japan Capped Hedged Index's weight. The FTSE Japan Capped Hedged Index is based on the FTSE Japan Hedged to USD Index and is designed to measure the performance of Japanese large- and mid-capitalization stocks. FTSE Russell determines eligible securities for the FTSE Japan Capped Hedged to USD Index based on measures such as the companys place of incorporation, listing country, investor protection regulations present in the country of incorporation, tax domicile, location of headquarters/factors of production and currency of denomination. The FTSE Japan Capped Hedged Index incorporates a hedge against the currency risk of the securities included in the FTSE Japan Capped Hedged Index against the U.S. dollar.

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DBJP

WisdomTree Trust Japan Total Dividend Fund

FLJH

Kuroda Enters Second Term: Japan ETFs In Focus

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues its climb toward $100,000, but traders are adopting cautious approaches to prepare <a href="https://www.benzinga.com/money/bitcoin-price-prediction">for potential corrections</a>.
What Happened: Crypto chart analyst Ali Martinez observed a sell signal on Bitcoin's 4-hour chart, indicating a possible brief correction to $97,085. 
However, a candlestick close above $100,470 could invalidate this bearish setup and push BTC to $102,656 or $104,343.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential presents a sell signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> 4-hour chart, anticipating a brief correction to $97,085! A candlestick close above $100,470 will invalidate the bearish formation and potentially push <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> to $102,656 or $104,343. <a href="https://t.co/WiKQTGYNmJ">pic.twitter.com/WiKQTGYNmJ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1859873122389983779?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In another tweet, Martinez shared his strategy for protecting capital during Bitcoin&#8217;s next bear market. Predicting a peak between $173,779 and $461,862 by October 2025, he suggests:
<ul>
<li>Selling 25% of holdings between $173,000 &#8211; $200,000.</li>
<li>Selling 30% between $200,000 &#8211; $300,000.</li>
<li>Selling another 30% between $300,000 &#8211; $400,000.</li>
<li>Selling the final 15% if BTC surpasses $400,000.</li>
</ul>
Additionally, Martinez advises traders to employ a 15%-20% trailing stop-loss after Bitcoin reaches $170,000. He underscores a strict deadline: "If Oct 2025 hits, sell—no matter what."
Also Read: <a href="https://www.benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a>
Why It Matters: Martinez <a href="https://x.com/ali_charts/status/1859909759945850904">noted</a> that over 65,000 BTC, worth $6.37 billion, have been withdrawn from exchanges in the past 96 hours.
IntoTheBlock data shows large transaction volume increasing by 47.5% and daily active addresses grew by 27.2%. Transactions greater than $100,000 are up from 13,321 to 18,859 in a single day. Exchanges netflows are down by 4.5%.
Lookonchain data <a href="https://x.com/lookonchain/status/1859671734951252362">highlighted</a> the ten Bitcoin ETFs saw a netflow of 8,585, worth $842.7 million, in one day. BlackRock inflows increased by 6,643 BTC, worth $652.08 million, bringing its total to 481,270 BTC.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns">Michael Saylor Predicted Bitcoin To Hit $13 Million — If It Happens, It Will Entail &#8216;Massive Hyperinflation,&#8217; Analyst Warns</a></li>
</ul>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin Zeroes In On $100,000, But This Indicator Signals One More Brief Correction

Truist Securities analyst Tobey Sommer maintains Parsons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSN#NYSE">PSN</a>) with a Buy and lowers the price target from $130 to $110.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Parsons, Lowers Price Target to $110

Wells Fargo analyst Andrew Nowinski maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Overweight and raises the price target from $100 to $135.

ESTC

Wells Fargo Maintains Overweight on Elastic, Raises Price Target to $135

Wells Fargo analyst Chris Carey maintains Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) with a Overweight and raises the price target from $188 to $190.

Wells Fargo Maintains Overweight on Procter & Gamble, Raises Price Target to $190

Truist Securities analyst Tobey Sommer maintains CACI International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) with a Buy and lowers the price target from $650 to $550.

CACI

Truist Securities Maintains Buy on CACI International, Lowers Price Target to $550

Wells Fargo analyst Ike Boruchow maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Overweight and raises the price target from $28 to $30.

Wells Fargo Maintains Overweight on Gap, Raises Price Target to $30

Oppenheimer analyst Kristen Owen maintains Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) with a Outperform and raises the price target from $448 to $477.

Oppenheimer Maintains Outperform on Deere, Raises Price Target to $477

Cantor Fitzgerald analyst Kristen Kluska reiterates Codexis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXS#NASDAQ">CDXS</a>) with a Overweight and maintains $11 price target.

Reiteration

CDXS

Cantor Fitzgerald Reiterates Overweight on Codexis, Maintains $11 Price Target

WIIM

LGTY

Logility Supply Chain Solutions shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued FY25 revenue guidance below estimates.

Oppenheimer analyst Scott Schneeberger maintains Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with a Outperform and raises the price target from $712 to $722.

INTU

Oppenheimer Maintains Outperform on Intuit, Raises Price Target to $722

Cantor Fitzgerald analyst Prakhar Agrawal reiterates Keros Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) with a Overweight.

KROS

Cantor Fitzgerald Reiterates Overweight on Keros Therapeutics

Oppenheimer analyst Ittai Kidron maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Outperform and raises the price target from $125 to $140.

Oppenheimer Maintains Outperform on Elastic, Raises Price Target to $140

The U.S. dollar surged to its highest level in over two years against a basket of currencies on Friday, extending its rally to an eighth consecutive week — the longest winning <a href="https://www.benzinga.com/markets/forex">streak in 14 months. </a>
A wave of weaker-than-expected business activity data from Europe has weighed heavily on the euro and the British pound, as investors brace for faster rate cuts by the European Central Bank (ECB) and the Bank of England (BoE).
<h3 class="wp-block-heading">Eurozone PMI Dives Into Contraction</h3>
In November, private-sector activity in the eurozone unexpectedly contracted, triggering fresh concerns about the region&#8217;s economic outlook. 
The Composite Purchasing Managers&#8217; Index (PMI), compiled by S&amp;P Global, fell to 48.1, well below the neutral 50 threshold and missing forecasts for an unchanged reading. This marks the first contraction in eurozone business activity since January.
The downturn was driven by a drop in new orders, higher input prices, and escalating political uncertainty. 
Chris Williamson, chief business economist at S&amp;P Global, commented: &#8220;The flash PMI survey data for November showed the eurozone economy falling back into contraction, as malaise spread from the struggling manufacturing sector to the larger services economy.&#8221;
<h3 class="wp-block-heading">UK Economy Also Contracts</h3>
Across the Channel, the UK also delivered a disappointing PMI reading. The Composite PMI fell to 49.9, a drop from the previous month's 51.8, and below market expectations of 51.7. 
This marks the first contraction in UK private-sector activity since October 2023. 
&#8220;The November PMI is indicative of the economy slipping into a modest decline, with GDP dropping at a 0.1% quarterly rate, but the loss of confidence hints at worse to come &#8211; including further job losses -unless sentiment revives,&#8221; Williamson said.
<h3 class="wp-block-heading">Dollar Index Climbs as Euro, Pound Tumble</h3>
The U.S. Dollar Index (DXY), a key measure of the greenback's performance which is closely tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), climbed above 107 — a level last seen on Nov. 18, 2022. 
The euro plunged to 1.04 against the dollar, its lowest level in two years. The pound fell to 1.25, on track for its eighth straight weekly loss — the longest losing streak since 1980.
On Friday, S&amp;P Global will release flash PMI data for the U.S. economy at 9.45 a.m. ET. Economists predict the Services PMI to edge higher from 55 to 55.2 in November, which would mark the strongest expansion since August.
Manufacturing momentum is also expected to improve from 48.5 to 48.8, albeit remaining in contractionary territory. 
<h3 class="wp-block-heading">Analysts: Euro Vulnerable Amid Weak Data And Geopolitical Risks</h3>
Forex analysts point to several catalysts for the euro's sharp decline. 
&#8220;The worsening of the Ukrainian crisis has opened up a phase of risk aversion, hitting the EUR and GBP,&#8221; said Luca Cigognini, a forex strategist at Intesa Sanpaolo.
Chris Turner, an analyst at ING Group, highlighted the technical significance of the euro's drop: &#8220;Today's release of softer-than-expected eurozone PMIs proved the catalyst for EUR/USD to break to the downside of its two-year trading range. Even though a near 7% drop in just two months is exceptionally rapid by historical standards, we remain confident in a lower EUR/USD trajectory. Support is limited, with the next key level around 1.0190/1.0200.&#8221;
BBVA analyst Alejandro Cuadrado echoed similar concerns, pointing out that additional downside pressure on the euro could arise from political instability in Germany, the outcome of the U.S. elections, and intensifying geopolitical risks. 
&#8220;The tense situation in Europe could worsen in the short term, and investors are clearly taking a cautious approach on the EUR,&#8221; he said.
Cuadrado's colleague, Michalis Onisiforou, shed light on Germany's economic struggles: &#8220;The collapse of Germany's coalition government and early elections mean there won't be any immediate fiscal response to alleviate the pessimism surrounding the domestic economy. Coupled with escalating risks in the Russo-Ukrainian war, Germany faces significant headwinds.&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42124676/november-small-cap-surge-could-carry-into-decembers-santa-rally-historical-trends-suggest">November Small-Cap Surge Could Carry Into December&#8217;s Santa Rally, Historical Trends Suggest</a></li>
</ul>
Photo: Shutterstock

Eurozone

Currency ETFs

Forex

Econ #s

Economics

PowerShares DB US Dollar Index Bullish Fund

Dollar Hits 2-Year High As European Recession Fears Hammer Euro, Pound

Barclays analyst Kannan Venkateshwar maintains Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) with a Equal-Weight and lowers the price target from $32 to $31.

Barclays Maintains Equal-Weight on Warner Music Gr, Lowers Price Target to $31

Barclays analyst Seth Sigman maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Overweight and raises the price target from $78 to $90.

Barclays Maintains Overweight on Walmart, Raises Price Target to $90

PMAX

Powell Max shares are trading higher after the company secured a $40 million equity line of credit with Yorkville Advisors to enhance liquidity and support strategic investments.

AMIX

Autonomix Medical shares are trading lower after the company announced the pricing of a $9 million underwritten public offering.

Barclays analyst Adrienne Yih maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Overweight and raises the price target from $31 to $32.

Barclays Maintains Overweight on Gap, Raises Price Target to $32

Powell Max Secures $40M Equity Line Of Credit With Yorkville Advisors To Enhance Liquidity Solutions And Support Strategic Investments

Boxing legend Floyd Mayweather Jr. is expanding his real estate empire with a major stake in 601W Companies&#8217; $10 billion office portfolio, marking his latest move in commercial property investment. According to The Real Deal, the deal, announced just weeks after his $402 million apartment portfolio acquisition, gives him partial ownership of 18 buildings totaling 10 million square feet.
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While specific financial terms remain confidential, a source close to the deal described it as Mayweather&#8217;s &#8220;most significant&#8221; investment. The former world champion, who has accumulated $1.1 billion in career earnings, previously invested over $100 million with office landlord SL Green.
The portfolio includes prominent properties like 410 10th Avenue in Hudson Yards, Chicago&#8217;s Aon Center and Old Post Office Building and the Harborside office complex in Jersey City. Mark Karasick, managing member of 601W, confirmed that Mayweather&#8217;s investment will support property repositioning efforts and new acquisitions. The firm seeks opportunities in distressed office properties across major metropolitan areas, including Chicago and New York.
According to the report, 601W Companies has successfully navigated post-pandemic challenges. At 410 10th Avenue, purchased for $952 million in late 2020, the property maintains sufficient rental income to cover its mortgage obligations through 2032 despite occupancy dropping to 65%<a href="https://www.benzinga.com/news/24/04/38475445/us-regulators-seize-republic-first-bancorp-fulton-bank-steps-in-as-buyer-amid-regional-banking-woes"> following First Republic Bank&#8217;s collapse</a>.
See Also: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
The firm recently secured a $65 million loan on an $85 million Harborside property acquisition, reflecting continued lender confidence. While facing industrywide refinancing hurdles, 601W has successfully negotiated several workout arrangements, including a three-year extension on the Aon Center&#8217;s half-billion-dollar debt package and fresh equity injection for Chicago&#8217;s One South Wacker Drive.
&#8220;New York City is the center of the world,&#8221; Mayweather said in a statement. &#8220;A wise person once told me if you buy real estate in New York and hold on to it over the years, you will always make money and win.&#8221;
The investment follows Mayweather&#8217;s October agreement to purchase Black Spruce Management&#8217;s apartment portfolio, comprising over 60 rental buildings in what could become New York City&#8217;s largest real estate transaction of the year.
The <a href="https://www.benzinga.com/markets/24/10/41581902/boxing-great-floyd-money-mayweather-makes-400-million-investment-in-affordable-housing-portfolio">undefeated boxer&#8217;s expanding real estate portfolio</a> reflects growing investor interest in office properties despite persistent market uncertainty. His partnership with 601W Companies, known for trophy office ownership and redevelopment expertise, signals confidence in the sector&#8217;s post-pandemic recovery potential.
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<li>‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a></li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a></li>
</ul>
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Franklin FTSE Japan Hedged ETF

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Latest news for Franklin FTSE Japan Hedged ETF (ARCA:FLJH)

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