Yen hovers near six-week low as US inflation strengthens Fed rate hike bets
Published . Updated .
Key takeaways
- The yen edged lower against the US dollar on Wednesday, November 11, trading near its weakest level in six weeks, as stronger-than-expected US inflation figures reinforced expectations that the Federal Reserve will resume raising interest rates in December.
- Exposed: TLT, IEF, TIP, EWJ, FXY
- Market reaction: TLT −0.5% on the day (still updating); IEF −0.3% on the day (still updating); EWJ +1.4% on the day (still updating)
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The yen edged lower against the US dollar on Wednesday, November 11, trading near its weakest level in six weeks, as stronger-than-expected US inflation figures reinforced expectations that the Federal Reserve will resume raising interest rates in December.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-1.2% 19d
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% 19d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- TIP iShares TIPS Bond ETF+0.4% 19d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- EWJ iShares MSCI Japan ETF+0.3% 15d
iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“yen”).
- FXY Invesco CurrencyShares Japanese Yen Trust-0.3% 15d
Invesco CurrencyShares Japanese Yen Trust follows the Japanese yen, whose moves this story covers.
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Japan
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | +1.08% | +1.27% | base | -0.48% | after close | after close | after close |
| IEF | +0.67% | +0.89% | base | -0.28% | after close | after close | after close |
| TIP | +0.74% | +0.94% | base | -0.05% | after close | after close | after close |
| EWJ | +3.87% | -2.33% | base | +1.38% | after close | after close | after close |
| FXY | +0.21% | +0.16% | base | -0.67% | after close | after close | after close |
| BWX | +0.44% | +0.07% | base | -0.63% | after close | after close | after close |
| EFA | +1.31% | -2.38% | base | -0.25% | after close | after close | after close |
| JPM | +2.98% | -2.21% | base | -0.11% | after close | after close | after 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.
Yen hovers near six-week low as US inflation strengthens Fed rate hike bets Economies.com
Source: Economies.com
How far Ishares Tr (TLT) has moved since 11 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Spdr Series Trust (BWX) | that day | -0.63% | still updating |
| Spdr Series Trust (BWX) | three days earlier | +0.07% | final price |
| Spdr Series Trust (BWX) | five days earlier | +0.44% | final price |
| Ishares Tr (EFA) | that day | -0.25% | still updating |
| Ishares Tr (EFA) | three days earlier | -2.38% | final price |
| Ishares Tr (EFA) | five days earlier | +1.31% | final price |
| Ishares (EWJ) | that day | +1.38% | still updating |
| Ishares (EWJ) | three days earlier | -2.33% | final price |
| Ishares (EWJ) | five days earlier | +3.87% | final price |
| Invesco CurrencyShares Japanese Yen Trust (FXY) | that day | -0.67% | still updating |
| Invesco CurrencyShares Japanese Yen Trust (FXY) | three days earlier | +0.16% | final price |
| Invesco CurrencyShares Japanese Yen Trust (FXY) | five days earlier | +0.21% | final price |
| Ishares Tr (IEF) | that day | -0.28% | still updating |
| Ishares Tr (IEF) | three days earlier | +0.89% | final price |
| Ishares Tr (IEF) | five days earlier | +0.67% | final price |
| Jpmorgan Chase (JPM) | that day | -0.11% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | -2.21% | final price |
| Jpmorgan Chase (JPM) | five days earlier | +2.98% | final price |
| Ishares Tr (TIP) | that day | -0.05% | still updating |
| Ishares Tr (TIP) | three days earlier | +0.94% | final price |
| Ishares Tr (TIP) | five days earlier | +0.74% | final price |
| Ishares Tr (TLT) | that day | -0.48% | still updating |
| Ishares Tr (TLT) | three days earlier | +1.27% | final price |
| Ishares Tr (TLT) | five days earlier | +1.08% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman bought Ishares Tr (IEF) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 63 days before publication. Filed 21 Oct 2026. View the filing.
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 63 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 27 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 34 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 68 days before publication. Filed 1 Oct 2026. View the filing.
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 tied to this story
- TLT Ishares Tr
In “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets,” 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
Ishares Tr (IEF) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets.” 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
- TIP Ishares Tr
In “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- EWJ Ishares
In “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets,” Ishares (EWJ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“yen”)
- FXY Invesco CurrencyShares Japanese Yen Trust
Invesco CurrencyShares Japanese Yen Trust (FXY) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets.” Reason on file: Invesco CurrencyShares Japanese Yen Trust follows the Japanese yen, whose moves this story covers
- BWX Spdr Series Trust
In “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets,” Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence. Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan
- EFA Ishares Tr
For “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Japan
- JPM Jpmorgan Chase
Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets.” 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
Ishares Tr (TLT)
On 11 Nov 2026, “Yen hovers near six-week low as US inflation strengthens Fed rate hike bets” is the story that connects Ishares Tr (TLT) to this story.
The link for Ishares Tr (TLT) is this: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
Ishares Tr (IEF) is here too. Its reason reads: 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
IEF traded between 88.64 and 90.69 across 16 sessions. The latest close on file is 90.08. TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27. TLT traded between 76.44 and 80.56 across 16 sessions. The latest close on file is 79.46.
A simple score for Ishares Tr (TLT)
46 out of 100Price not final
“Yen hovers near six-week low as US inflation strengthens Fed rate hike bets” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.