With no changes to any of the iShares models this week, we look at the iShares MSCI Japan ETF (EWJ).
There are no changes to any of the iShares models this week. While US equities remain at the top of the DALI asset class rankings, we continue to see significant strength from international equities. In the Asset Class Group Scores, Japan currently ranks second out of all 134 groups in the system, trailing only precious metals. Investors interested in taking advantage of this strength could consider the iShares MSCI Japan ETF (EWJ).
EWJ currently shows a strong 5.13 fund score, which is 0.40 points better than the average for all non-US equity funds, and a positive 1.75 score direction. On its default chart, EWJ has given four consecutive buy signals and reached a new all-time high of $85 last month and currently sits at $83 on its chart. Although the fund trades just off its all-time high EWJ currently sits near the middle of its 10-week trading band with a weekly overbought/oversold (OBOS) reading of 6%, putting it well within actionable territory. The fund has established support at $80, reversing up from that level twice since November; additional support is afforded at $79. Year-to-date (through 1/7) EWJ has gained 2.7% on a price return basis after gaining a little over 20% in 2025. EWJ also carries a 4.5% yield.
