ZTRADER WEEKLY MACRO WEEK OF JUNE 22–28, 2026 CHEAP CAPITAL IS GONE. Now the market decides who deserves to be expensive. US 10Y at 4.38%. Brent down 10% as Hormuz reopens. Gold at
ZTRADER WEEKLY MACRO WEEK OF JUNE 22–28, 2026 CHEAP CAPITAL IS GONE. Now the market decides who deserves to be expensive. US 10Y at 4.38%. Brent down 10% as Hormuz reopens. Gold at $4,040 — fourth straight weekly loss. SOX −5.3% Friday. Bitcoin near $60,000. US 10Y 4.38% · USDJPY 161.7 · AUDJPY 111.5 BRENT $72 · COPPER $13,358/t · GOLD $4,040 BTC $60K · VIX 18.4 · SOX −5.3% ZTRADER.AI Ravenrock Fintech LLC · Tokyo · Not financial advice ZTrader Weekly Macro · Issue Week of June 22–28, 2026 Cheap Capital Is Gone. Now the Market Decides Who Deserves to Be Expensive. The cost of capital remained the single dominant macro variable this week. Every major cross-asset move traced back to one question: what deserves an expensive valuation when money itself is no longer cheap. by Dorian · ZTrader.AI · Ravenrock Fintech LLC CROSS-ASSET DASHBOARD WEEK OF JUNE 22–28, 2026 · VERIFIED DATA ASSET LEVEL / SIGNAL WEEK REGIME US 10-Year Yield 4.38% −7bps Higher-for-longer USDJPY 161.7 Near 40yr low Dollar scarcity AUDJPY 111.5 −1.6% wk Risk appetite cooling Brent Crude ~$72/bbl −10%+ wk War premium collapsed Copper LME 3M $13,358/t +21% YoY Structural tightness Gold XAU/USD ~$4,040
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