The yen has weakened to levels not seen since 1986, driven by a hawkish Fed pivot that lifts US yields and the dollar, drawing capital from Asia. This pressures Asian currencies broadly, notably the Korean won, which faces additional selling from overseas funds rebalancing amid a strong equity rally. Despite volatility, confidence in the AI-driven growth story remains high, fueling record quarters for Japan's Nikkei and Korea's KOSPI, with analysts like JPMorgan forecasting further gains.
implicit
implicit
Oil
Metals
explicit
JPY sharp down
Bloomberg
7.0
Financial Media
Paul Dobson 4.0
Financial Media
Paul Dobson 4.0
USD/JPY; DXY; Asian stocks
6/30/2026 11:19:39 AM
dxy
The Fed's hawkish pivot has been supporting the dollar and lifting US yields relative to Asian yields, drawing cash towards the US.
| 6/23/2026 2:24:01 PM | short term up | 5 days later | -0.48% | -0.48% |
| 6/23/2026 9:47:02 AM | short term up | 5 days later | -0.48% | -0.48% |
| 6/23/2026 9:05:49 AM | short term up | 5 days later | -0.48% | -0.48% |
| 6/22/2026 11:26:07 PM | short term up | 6 days later | -0.28% | -0.28% |
| 6/22/2026 2:31:49 PM | short term up | 6 days later | -0.28% | -0.28% |
| 6/19/2026 6:22:05 AM | short term up | 7 days later | +0.10% | +0.10% |
| 6/18/2026 10:05:22 AM | short term up | 5 days later | +0.75% | +0.75% |
| 6/17/2026 10:47:56 AM | short term cautious down | 5 days later | +0.56% | -0.28% |
| 6/15/2026 6:39:51 AM | short term down | 6 days later | +1.49% | -1.49% |
| 6/15/2026 6:06:57 AM | short term down | 6 days later | +1.49% | -1.49% |
| 6/11/2026 7:18:14 AM | short term up | 5 days later | +0.34% | +0.34% |
| 6/4/2026 5:20:52 AM | short term up | 5 days later | -0.12% | -0.12% |
| 6/1/2026 9:55:28 AM | short term cautious up | 6 days later | +0.84% | +0.42% |
| 5/29/2026 1:15:10 PM | short term cautious down | 7 days later | +0.86% | -0.43% |
| 5/29/2026 12:40:23 PM | medium term down | 21 days later | +1.83% | -1.83% |
| 5/29/2026 10:33:35 AM | medium term down | 21 days later | +1.83% | -1.83% |
| 5/28/2026 7:57:05 AM | short term up | 5 days later | +0.63% | +0.63% |
| 5/26/2026 7:28:47 AM | short term cautious down | 5 days later | -0.04% | +0.02% |
| 5/25/2026 9:42:20 AM | short term down | 6 days later | -0.04% | +0.04% |
| 5/25/2026 9:42:20 AM | short term down | 6 days later | -0.04% | +0.04% |
| 5/22/2026 9:17:41 PM | short term sharp down | 5 days later | -0.41% | +0.62% |
| 5/15/2026 10:06:02 AM | short term up | 6 days later | +0.35% | +0.35% |
| 5/15/2026 7:54:32 AM | short term up | 6 days later | +0.35% | +0.35% |
| 5/14/2026 8:54:29 AM | medium term down | 20 days later | +0.14% | -0.14% |
| 5/11/2026 2:37:40 PM | short term up | 6 days later | +0.69% | +0.69% |
| 5/7/2026 11:14:07 AM | short term down | 5 days later | +0.65% | -0.65% |
| 5/7/2026 10:02:35 AM | short term cautious down | 5 days later | +0.65% | -0.33% |
| 5/7/2026 10:02:35 AM | medium term cautious down | 20 days later | +1.21% | -0.60% |
| 5/7/2026 9:41:16 AM | short term down | 5 days later | +0.65% | -0.65% |
| 5/6/2026 7:07:04 AM | short term cautious down | 5 days later | +0.04% | -0.02% |
| 4/30/2026 8:02:59 AM | short term up | 5 days later | -0.19% | -0.19% |
| 4/23/2026 1:31:31 PM | medium term up | 20 days later | +0.38% | +0.38% |
| 4/22/2026 7:34:33 AM | short term cautious down | 5 days later | -0.18% | +0.09% |
| 4/2/2026 10:09:57 AM | short term up | 5 days later | -1.05% | -1.05% |
| 4/1/2026 10:17:51 AM | short term up | 5 days later | -0.39% | -0.39% |
| 3/27/2026 11:59:23 AM | short term sharp up | 7 days later | -0.53% | -0.79% |
| 3/23/2026 9:48:17 AM | medium term sharp up | 20 days later | -1.07% | -1.60% |
| 3/23/2026 7:21:12 AM | short term up | 6 days later | +1.09% | +1.09% |
| 3/9/2026 2:08:40 PM | short term up | 6 days later | +0.89% | +0.89% |
| 3/9/2026 8:28:21 AM | short term up | 6 days later | +0.89% | +0.89% |
| 3/6/2026 10:25:51 AM | short term up | 5 days later | +1.52% | +1.52% |
| 2/23/2026 2:15:21 PM | short term down | 6 days later | +0.51% | -0.51% |
| 2/13/2026 9:47:08 AM | short term down | 7 days later | +0.62% | -0.62% |
| 2/11/2026 10:51:35 AM | short term cautious down | 5 days later | +0.24% | -0.12% |
| 2/6/2026 5:34:10 AM | short term up | 7 days later | +0.28% | +0.28% |
| 1/29/2026 9:02:44 PM | medium term cautious down | 20 days later | +0.97% | -0.48% |
| 1/29/2026 9:23:52 AM | short term down | 5 days later | +0.65% | -0.65% |
| 1/29/2026 9:18:07 AM | medium term cautious down | 20 days later | +0.97% | -0.48% |
| 1/29/2026 9:02:17 AM | medium term cautious down | 20 days later | +0.97% | -0.48% |
| 1/28/2026 7:33:33 AM | short term down | 5 days later | +1.20% | -1.20% |
| 1/28/2026 1:08:47 AM | short term sharp down | 5 days later | +1.20% | -1.81% |
| 1/27/2026 11:03:03 PM | short term down | 5 days later | +1.20% | -1.20% |
| 1/26/2026 4:46:43 AM | short term down | 6 days later | +1.44% | -1.44% |
| 1/20/2026 6:00:07 PM | short term down | 5 days later | -1.74% | +1.74% |
| 1/20/2026 5:25:20 AM | short term down | 5 days later | -1.74% | +1.74% |
| 1/14/2026 6:48:56 AM | medium term down | 20 days later | -1.71% | +1.71% |
| 1/12/2026 3:24:56 PM | short term down | 6 days later | +0.27% | -0.27% |
| 1/12/2026 2:06:59 PM | short term down | 6 days later | +0.27% | -0.27% |
| 12/23/2025 10:14:37 AM | medium term up | 20 days later | +1.17% | +1.17% |
| 12/11/2025 6:13:10 AM | short term cautious down | 5 days later | -0.03% | +0.02% |
| 12/4/2025 6:49:20 PM | short term cautious down | 5 days later | -0.20% | +0.10% |
| 12/1/2025 5:28:31 AM | medium term cautious down | 20 days later | -1.08% | +0.54% |
| 11/4/2025 12:00:38 PM | long term up | 61 days later | -1.93% | -1.93% |
| 10/17/2025 10:27:37 AM | short term down | 5 days later | +0.43% | -0.43% |
| 10/1/2025 10:52:02 AM | short term cautious down | 5 days later | +0.75% | -0.37% |
| 10/1/2025 8:12:58 AM | short term down | 5 days later | +0.75% | -0.75% |
| 10/1/2025 8:12:58 AM | medium term down | 20 days later | +1.07% | -1.07% |
| 9/30/2025 7:44:54 AM | short term cautious down | 5 days later | +0.41% | -0.20% |
| 9/25/2025 1:14:48 PM | short term up | 5 days later | -0.45% | -0.45% |
| 9/17/2025 10:11:21 AM | short term cautious down | 5 days later | -0.09% | +0.05% |
| 9/17/2025 8:33:28 AM | short term cautious down | 5 days later | -0.09% | +0.05% |
| 9/5/2025 10:16:54 AM | short term down | 7 days later | -0.15% | +0.15% |
| 8/26/2025 8:35:09 AM | short term down | 6 days later | +0.17% | -0.17% |
| 8/1/2025 2:29:07 PM | short term up | 7 days later | -0.26% | -0.26% |
| 8/1/2025 12:29:01 PM | short term up | 7 days later | -0.26% | -0.26% |
ndx
Strong confidence in the AI story and large corporate investment plans suggest continued growth for tech-heavy indices like the Nasdaq, though not explicitly named.
rut
There will be volatility. You see the cost be bouncing up and down more than 5% intraday all the time now.
| 6/22/2026 11:26:07 PM | short term up | 6 days later | +1.17% | +1.17% |
| 6/16/2026 11:28:27 PM | short term down | 5 days later | +2.96% | -2.96% |
| 6/16/2026 9:27:49 PM | short term up | 5 days later | +2.96% | +2.96% |
| 6/16/2026 12:12:15 AM | short term cautious up | 5 days later | +2.96% | +1.48% |
| 6/15/2026 9:42:38 PM | short term up | 6 days later | +2.22% | +2.22% |
| 6/12/2026 11:32:25 PM | short term up | 7 days later | +1.33% | +1.33% |
| 6/12/2026 11:26:03 PM | short term up | 7 days later | +1.33% | +1.33% |
| 6/9/2026 11:22:48 PM | short term up | 5 days later | +4.57% | +4.57% |
| 6/9/2026 8:57:04 AM | short term up | 5 days later | +4.57% | +4.57% |
| 6/9/2026 12:30:31 AM | short term up | 5 days later | +4.57% | +4.57% |
| 6/6/2026 12:20:35 AM | short term sharp down | 7 days later | +3.84% | -5.76% |
| 6/3/2026 11:19:38 PM | short term down | 5 days later | -2.33% | +2.33% |
| 5/30/2026 12:11:31 AM | short term down | 7 days later | -1.73% | +1.73% |
| 5/28/2026 9:27:53 AM | short term up | 5 days later | -1.47% | -1.47% |
| 5/28/2026 12:59:08 AM | short term cautious down | 5 days later | -1.47% | +0.73% |
| 5/27/2026 12:03:14 AM | short term up | 5 days later | -0.16% | -0.16% |
| 5/22/2026 9:17:41 PM | short term sharp down | 5 days later | +2.35% | -3.52% |
| 5/22/2026 10:35:21 AM | short term cautious down | 5 days later | +2.35% | -1.17% |
| 5/19/2026 11:25:08 PM | short term down | 5 days later | +1.84% | -1.84% |
| 5/18/2026 7:27:09 PM | medium term up | 20 days later | +3.94% | +3.94% |
| 5/18/2026 8:51:01 AM | short term cautious down | 5 days later | +4.45% | -2.22% |
| 5/16/2026 12:12:07 AM | short term down | 6 days later | +3.39% | -3.39% |
| 5/15/2026 11:52:13 PM | short term down | 6 days later | +3.39% | -3.39% |
| 5/7/2026 7:06:33 AM | short term up | 5 days later | -0.60% | -0.60% |
| 5/7/2026 7:06:33 AM | medium term up | 20 days later | +2.63% | +2.63% |
| 5/6/2026 10:11:25 AM | medium term cautious up | 20 days later | +2.83% | +1.41% |
| 4/30/2026 11:53:22 PM | short term sharp up | 5 days later | +2.63% | +3.94% |
| 4/23/2026 11:26:18 PM | short term down | 5 days later | -1.71% | +1.71% |
| 4/22/2026 12:50:22 AM | short term down | 5 days later | -0.69% | +0.69% |
| 4/15/2026 12:05:32 AM | short term up | 5 days later | +1.67% | +1.67% |
| 4/10/2026 12:48:22 AM | short term up | 7 days later | +4.59% | +4.59% |
| 4/3/2026 12:36:51 AM | short term up | 7 days later | +5.11% | +5.11% |
| 3/20/2026 2:30:40 AM | short term cautious up | 7 days later | -3.22% | -1.61% |
| 3/19/2026 10:26:26 PM | short term up | 5 days later | +4.02% | +4.02% |
| 3/6/2026 3:54:59 PM | short term down | 5 days later | -1.79% | +1.79% |
| 2/28/2026 1:02:34 AM | medium term up | 21 days later | -6.09% | -6.09% |
| 2/19/2026 11:46:00 PM | short term up | 5 days later | -0.02% | -0.02% |
| 2/13/2026 12:58:03 AM | short term down | 7 days later | -0.97% | +0.97% |
| 2/6/2026 11:41:39 PM | short term up | 7 days later | -1.57% | -1.57% |
| 1/28/2026 1:08:47 AM | short term up | 5 days later | -0.24% | -0.24% |
| 12/22/2025 9:48:16 PM | short term up | 6 days later | -0.84% | -0.84% |
| 12/19/2025 9:48:49 PM | short term up | 7 days later | -1.52% | -1.52% |
| 12/16/2025 11:40:23 PM | short term down | 5 days later | +2.67% | -2.67% |
| 12/15/2025 8:22:43 PM | short term up | 6 days later | +1.57% | +1.57% |
yields
The Fed's hawkish pivot is lifting US yields relative to Asian yields, implying a near-term upward trend in US yields.
