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USD/JPY has broken decisively above the critical 161.95 resistance level, signalling a continuation of its medium-term bullish trend despite repeated verbal intervention from Japanese officials. A widening US-Japan yield differential, expectations of further Federal Reserve tightening, Japan's expansive fiscal stimulus, and persistent foreign capital inflows into Japanese equities continue to weaken the yen. Traders now watch whether authorities move beyond rhetoric to direct FX intervention.

Global technology stocks rebounded after Micron Technology delivered blockbuster FY Q3 earnings and record guidance, reinforcing confidence that AI infrastructure spending remains exceptionally resilient. Strong demand for HBM reignited semiconductor shares across Asia, while crude oil extended losses as the reopening of the Strait of Hormuz continued to unwind the geopolitical risk premium. Investors are now turning their focus to the US Core PCE inflation as the next major market catalyst.

Micron Technology heads into its FYQ3 earnings release after an extraordinary 268% year-to-date rally, making it one of the best-performing AI infrastructure stocks of 2026. Investors are closely watching demand for high-bandwidth memory, DRAM and NAND pricing, margin expansion, and forward guidance to gauge the sustainability of the AI spending boom. While fundamentals remain strong, technical indicators suggest the stock may be vulnerable to profit-taking.

Global markets turned defensive as a broad technology selloff hit Wall Street and Asia-Pacific semiconductor stocks. The Nasdaq 100 plunged 3.3% while the US Dollar Index extended its breakout above 101.00, supported by rising Treasury yields and persistent higher-for-longer rate expectations. Meanwhile, oil prices continued to slide as Iranian export waivers and normalised Strait of Hormuz shipping flows accelerated the unwinding of the geopolitical risk premium.

Global markets entered a more cautious phase as a stronger US dollar and rising Treasury yields offset positive sentiment from easing Middle East tensions. Oil prices continued to decline following the US-Iran 60-day peace roadmap and temporary authorisation of Iranian crude exports. AI-related capital expenditure remained a bright spot, with Micron and Anthropic unveiling a major strategic partnership that lifted semiconductor stocks and reinforced the long-term AI infrastructure investments.

Global markets started the week cautiously as fresh geopolitical friction disrupted US-Iran peace negotiations in Switzerland. Although the Strait of Hormuz remains open and crude oil exports continue to flow normally, investors remain wary of potential setbacks to a permanent agreement. The US dollar extended its strength on the back of the Federal Reserve's hawkish policy stance, while Asian currencies faced renewed pressure and equity performance diverged across the region.

Global markets are adjusting to a new post-conflict reality as the Strait of Hormuz officially reopens following the US-Iran peace agreement. Oil prices have plunged to multi-month lows, removing much of the geopolitical inflation premium that dominated markets earlier this year. Meanwhile, the US dollar remains firmly supported by the Federal Reserve’s hawkish stance under Chair Kevin Warsh, while equities balance improving risk sentiment against higher-for-longer interest rates.

Global markets reacted sharply after the Federal Reserve delivered a hawkish hold at its June 2026 FOMC meeting. New Fed Chair Kevin Warsh kept interest rates unchanged but surprised investors by removing traditional forward guidance and signalling a stronger data-dependent policy framework. The shift triggered a selloff in US equities, boosted the US dollar, pressured gold prices, and reinforced expectations that the Fed could still raise interest rates before the end of 2026.

The June 2026 FOMC meeting could become one of the most important policy events of the year. While markets expect the Federal Reserve to keep interest rates unchanged, traders are focused on the dot plot, updated economic projections, and new Fed Chair Kevin Warsh’s first press conference. With futures now pricing a 77% chance of a rate hike by December, a hawkish shift could strengthen the US dollar and pressure gold, the Nasdaq 100, EUR/USD, and AUD/USD.

Global markets paused ahead of the Federal Reserve’s June policy decision as investors await the debut of Fed Chair Kevin Warsh. The S&P 500 retreated while the Nasdaq 100 fell nearly 2% amid semiconductor weakness. Meanwhile, crude oil plunged to a three-month low as a US-Iran peace agreement and the reopening of the Strait of Hormuz moved closer to reality. The Dow Jones hit a record high as investors rotated from technology stocks into financials and industrials.