EWJ is trading sharply lower at $92.78 (-4.32%) on June 23, 2026, as a broad global risk-off tone and quarter-end portfolio rebalancing pressure Japanese equities.
- Large-scale rotations out of equities and into bonds are driving the selloff as investors rebalance portfolios for the end of the quarter.
- The decline is being exacerbated by a tech-led equity rout, impacting the currency-sensitive ETF after a period of strong year-to-date performance.
- Today's move gives back a portion of recent gains in the Japanese market following a significant run-up in valuations.