The US dollar and US stock markets advanced at the end of June and continue to show long-term momentum in a strong bullish trend. At the end of June, the dollar made its strongest advance in 5 years and broke multi-month highs against the yen and the euro. The US dollar is clearly the strongest currency and the Japanese yen is the weakest.  Future inflation concerns and the advance of bond yields will determine how long the stock market boom lasts. The Fed’s tone regarding potential monetary policy would be a major factor, and investors would need to keep an eye on the market for early signs of a shift toward a more hawkish policy. | 
