// COMPARE

Microsoft fell 4.2% to $441, the day's mega-cap laggard, sliding well below its 52-week high.

Rotation into pure-play chip names like Nvidia and Marvell is pulling capital out of software megacaps.

$435 is support; a break opens $420. The stock needs fresh AI-monetization proof to re-rate.

USD/JPY pushed to 159.88, within a whisker of its 52-week high, as yield differentials and BoJ caution kept the yen pinned.

With US10Y at 4.45% and the BoJ slow to tighten, carry strongly favors the dollar — but intervention risk rises near 160.

160.00 is the psychological and intervention trigger; a clean break targets 161.50, while jawboning could snap it back.