Japan (EWJ): the last 12 months

Japan (EWJ) is up 18.2% over 1Y and 5.5% below its high; its 90-day change is −1.4%. It lost 5.1% over the last month with the global tech selloff. Status quo for foreign: intact.

Status quo card: Japan (EWJ), intact.

Month by month

Computed in code. Change: the calendar-month change (z against its own monthly history). 90-day: the trailing 90-day change at the month-end. Rank: its place among that month's biggest moves. Causes: the surviving monthly causes acting on it (a force's loading on this asset times the month's fitted strength, in standard deviations). ETF holdings use current weights (an approximation).

Month	Change	90-day	Rank	Causes
November 2026 (month to date)	+1.0% (z 0.6)	−1.4%		none of the surviving causes loads on it
October 2026	−4.7% (z -1.8)	+0.6%		none of the surviving causes loads on it
September 2026	+1.6% (z 0.0)	+4.6%		none of the surviving causes loads on it
August 2026	+3.8% (z 0.7)	+3.0%		none of the surviving causes loads on it
July 2026	−0.9% (z -0.7)	+5.2%		none of the surviving causes loads on it
June 2026	+0.9% (z -0.2)	+8.4%		none of the surviving causes loads on it
May 2026	+4.3% (z 0.8)	+3.1%		none of the surviving causes loads on it
April 2026	+5.5% (z 1.2)	+3.9%		none of the surviving causes loads on it
March 2026	−8.6% (z -3.2)	+4.6%	5	Energy importers outside the US took the heaviest losses (explains this move, score 13.9)
February 2026	+7.8% (z 2.0)	+15.5%		Rotation away from US mega-cap tech toward markets abroad (Korea) (evidence +7.8%, z 2.0)
January 2026	+6.2% (z 1.4)	+6.6%		none of the surviving causes loads on it
December 2025	+0.9% (z -0.1)	+4.6%		none of the surviving causes loads on it
November 2025	−0.5% (z -0.6)	+6.0%		none of the surviving causes loads on it

What drove each month · All assets

Not investment advice. MarketMoves describes past market data and reported news for general information. Figures can be delayed or wrong; check the original source before relying on them.