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This analysis covers the sharp April 8, 2026, rally in the iShares MSCI Japan ETF (EWJ) driven by a material retracement of the US dollar’s recent war premium built up during the Iran conflict. The US dollar’s sharp decline has erased all 2026 gains for the Bloomberg Dollar Spot Index, triggering a
iShares MSCI Japan ETF (EWJ) Rallies Over 5% Amid Broad US Dollar Unwind of Geopolitical War Premium - Risk Event
EWJ - Stock Analysis
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