Geopolitics Alpha

Dollar rises to 19-month high as Fed hike bets grow, yen softens

Published . Updated .

Covered by 2 outlets: Fresno Bee, Tri-City Herald.

Key takeaways

  • Exposed: TLT, IEF, EWJ, FXY, JPM
  • Market reaction: TLT −1.5% on the day; IEF −0.7% on the day; DHI −2.1% on the day

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GEOPOLITICS ALPHADollar rises to 19-month high asFed hike bets grow, yen softensGEOPOLITICS ALPHA

This report is about US interest rates and Japan.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF+0.2% 17d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF+0.1% 17d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • EWJ iShares MSCI Japan ETF-0.6% 13d

    iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“yen”).

  • FXY Invesco CurrencyShares Japanese Yen Trust-1.0% 16d

    Invesco CurrencyShares Japanese Yen Trust follows the Japanese yen, whose moves this story covers.

  • JPM JPMorgan Chase-1.4% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-12.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • DHI D.R. Horton+4.2% 30d

    D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • SCHW The Charles Schwab

    The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT+1.21%+1.27%base-1.49%after closeafter closeafter close
IEF+1.16%+0.95%base-0.70%after closeafter closeafter close
EWJ-4.13%-0.69%base-0.68%after closeafter closeafter close
FXY+1.31%+1.27%base+0.02%after closeafter closeafter close
JPM-1.72%-0.42%base-0.17%after closeafter closeafter close
BAC-1.69%-0.16%base-0.24%after closeafter closeafter close
DHI+6.90%+5.54%base-2.07%after closeafter closeafter close
SCHW-0.19%-0.05%base-1.12%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Dollar rises to 19-month high as Fed hike bets grow, yen softens Fresno Bee

Source: Fresno Bee

The price since 12 Nov 2026: Ishares Tr (TLT) versus the S&P 500

CompanyWhenMoveStatus
Bank Of America (BAC)that day-0.24%final price
Bank Of America (BAC)three days earlier-0.16%final price
Bank Of America (BAC)five days earlier-1.69%final price
Horton D R (DHI)that day-2.07%final price
Horton D R (DHI)three days earlier+5.54%final price
Horton D R (DHI)five days earlier+6.90%final price
Ishares (EWJ)that day-0.68%final price
Ishares (EWJ)three days earlier-0.69%final price
Ishares (EWJ)five days earlier-4.13%final price
Invesco CurrencyShares Japanese Yen Trust (FXY)that day+0.02%final price
Invesco CurrencyShares Japanese Yen Trust (FXY)three days earlier+1.27%final price
Invesco CurrencyShares Japanese Yen Trust (FXY)five days earlier+1.31%final price
Ishares Tr (IEF)that day-0.70%final price
Ishares Tr (IEF)three days earlier+0.95%final price
Ishares Tr (IEF)five days earlier+1.16%final price
Jpmorgan Chase (JPM)that day-0.17%final price
Jpmorgan Chase (JPM)three days earlier-0.42%final price
Jpmorgan Chase (JPM)five days earlier-1.72%final price
Schwab Charles (SCHW)that day-1.12%final price
Schwab Charles (SCHW)three days earlier-0.05%final price
Schwab Charles (SCHW)five days earlier-0.19%final price
Ishares Tr (TLT)that day-1.49%final price
Ishares Tr (TLT)three days earlier+1.27%final price
Ishares Tr (TLT)five days earlier+1.21%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares Tr (TLT)

Companies carried with this story

  • TLT Ishares Tr

    For “Dollar rises to 19-month high as Fed hike bets grow, yen softens,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • IEF Ishares Tr

    For “Dollar rises to 19-month high as Fed hike bets grow, yen softens,” Ishares Tr (IEF) is linked, with no stored direction, medium confidence. Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • EWJ Ishares

    Ishares (EWJ) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Dollar rises to 19-month high as Fed hike bets grow, yen softens.” Reason on file: iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“yen”)

  • FXY Invesco CurrencyShares Japanese Yen Trust

    In “Dollar rises to 19-month high as Fed hike bets grow, yen softens,” Invesco CurrencyShares Japanese Yen Trust (FXY) is linked, with no stored direction, medium confidence. Reason on file: Invesco CurrencyShares Japanese Yen Trust follows the Japanese yen, whose moves this story covers

  • JPM Jpmorgan Chase

    For “Dollar rises to 19-month high as Fed hike bets grow, yen softens,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • BAC Bank Of America

    In “Dollar rises to 19-month high as Fed hike bets grow, yen softens,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • DHI Horton D R

    For “Dollar rises to 19-month high as Fed hike bets grow, yen softens,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • SCHW Schwab Charles

    Schwab Charles (SCHW) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Dollar rises to 19-month high as Fed hike bets grow, yen softens.” Reason on file: The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

Ishares Tr (TLT)

The 12 Nov 2026 story “Dollar rises to 19-month high as Fed hike bets grow, yen softens” names Ishares Tr (TLT) because of this story.

Ishares Tr (TLT) is on the page because iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

Also listed, Ishares Tr (IEF): iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

The price range for Ishares Tr (TLT), and the dates in the story

EWJ traded between 95.98 and 99.98 across 11 sessions. The latest close on file is 97.33. IEF traded between 88.64 and 90.69 across 15 sessions. The latest close on file is 90.08. TLT traded between 76.44 and 80.56 across 15 sessions. The latest close on file is 79.46.

A simple score for Ishares Tr (TLT)

54 out of 100

“Dollar rises to 19-month high as Fed hike bets grow, yen softens” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.