Here is the ETF Professor's ETF Watch List for Wednesday January 23, 2013.

Earnings play: First Trust Dow Jones Internet Index Fund (FDN).

Keep an eye on the WisdomTree Japan Hedged Equity Fund (DXJ).

The SPDR S&P Dividend ETF (SDY) has been impressive as of late.

Emerging markets plays of the day: iShares MSCI Malaysia Index Fund (EWM), Market Vectors Indonesia Index ETF (IDX) and the iShares S&P Latin America 40 Index Fund (ILF).

Forex play of the day: CurrencyShares Japanese Yen Trust (FXY).

Bond play of the day: Vanguard Total Bond Market ETF (BND).

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