diff --git a/packages/babel-generator/src/generators/types.ts b/packages/babel-generator/src/generators/types.ts
index 48ab4c3806e5..4a3731b2b2ea 100644
--- a/packages/babel-generator/src/generators/types.ts
+++ b/packages/babel-generator/src/generators/types.ts
@@ -240,16 +240,14 @@ export function DecimalLiteral(this: Printer, node: t.DecimalLiteral) {
 // Hack pipe operator
 export function TopicReference(this: Printer) {
   const { topicToken } = this.format;
-  switch (topicToken) {
-    case "#":
-      this.token("#");
-      break;
-
-    default: {
-      const givenTopicTokenJSON = JSON.stringify(topicToken);
-      const message = `The "topicToken" generator option must be "#" (${givenTopicTokenJSON} received instead).`;
-      throw new Error(message);
-    }
+  const validTopicTokenSet = new Set(["^", "%", "#"]);
+
+  if (validTopicTokenSet.has(topicToken)) {
+    this.token(topicToken);
+  } else {
+    const givenTopicTokenJSON = JSON.stringify(topicToken);
+    const message = `The "topicToken" generator option must be "#" (${givenTopicTokenJSON} received instead).`;
+    throw new Error(message);
   }
 }
 
diff --git a/packages/babel-generator/src/index.ts b/packages/babel-generator/src/index.ts
index e16183ce0f3d..5346c24460b3 100644
--- a/packages/babel-generator/src/index.ts
+++ b/packages/babel-generator/src/index.ts
@@ -203,7 +203,7 @@ export interface GeneratorOptions {
    * For use with the Hack-style pipe operator.
    * Changes what token is used for pipe bodies’ topic references.
    */
-  topicToken?: "#";
+  topicToken?: "^" | "%" | "#";
 }
 
 export interface GeneratorResult {
diff --git a/packages/babel-parser/src/parser/expression.js b/packages/babel-parser/src/parser/expression.js
index 0967efbd3cfa..6d27f347eaac 100644
--- a/packages/babel-parser/src/parser/expression.js
+++ b/packages/babel-parser/src/parser/expression.js
@@ -1232,26 +1232,15 @@ export default class ExpressionParser extends LValParser {
         return this.parsePrivateName();
       }
 
-      case tt.moduloAssign:
-        if (
-          this.getPluginOption("pipelineOperator", "proposal") === "hack" &&
-          this.getPluginOption("pipelineOperator", "topicToken") === "%"
-        ) {
-          // If we find %= in an expression position, and the Hack-pipes proposal is active,
-          // then the % could be the topic token (e.g., in x |> %==y or x |> %===y), and so we
-          // reparse it as %.
-          // The next readToken() call will start parsing from =.
-
-          this.state.value = "%";
-          this.state.type = tt.modulo;
-          this.state.pos--;
-          this.state.end--;
-          this.state.endLoc.column--;
-        } else {
-          throw this.unexpected();
-        }
+      case tt.moduloAssign: {
+        return this.parseTopicReferenceThenEqualsSign(tt.modulo, "%");
+      }
+
+      case tt.xorAssign: {
+        return this.parseTopicReferenceThenEqualsSign(tt.bitwiseXOR, "^");
+      }
 
-      // falls through
+      case tt.bitwiseXOR:
       case tt.modulo:
       case tt.hash: {
         const pipeProposal = this.getPluginOption(
@@ -1260,28 +1249,12 @@ export default class ExpressionParser extends LValParser {
         );
 
         if (pipeProposal) {
-          // A pipe-operator proposal is active,
-          // although its configuration might not match the current token’s type.
-          node = this.startNode();
-          const start = this.state.start;
-          const tokenType = this.state.type;
-
-          // Consume the current token.
-          this.next();
-
-          // If the pipe-operator plugin’s configuration matches the current token’s type,
-          // then this will return `node`, will have been finished as a topic reference.
-          // Otherwise, this will throw a `PipeTopicUnconfiguredToken` error.
-          return this.finishTopicReference(
-            node,
-            start,
-            pipeProposal,
-            tokenType,
-          );
+          return this.parseTopicReference(pipeProposal);
+        } else {
+          throw this.unexpected();
         }
       }
 
-      // fall through
       case tt.relational: {
         if (this.state.value === "<") {
           const lookaheadCh = this.input.codePointAt(this.nextTokenStart());
@@ -1290,16 +1263,75 @@ export default class ExpressionParser extends LValParser {
             lookaheadCh === charCodes.greaterThan // Fragment <>
           ) {
             this.expectOnePlugin(["jsx", "flow", "typescript"]);
+            break;
+          } else {
+            throw this.unexpected();
           }
+        } else {
+          throw this.unexpected();
         }
       }
 
-      // fall through
       default:
         throw this.unexpected();
     }
   }
 
+  // This helper method should only be called
+  // when the parser has reached a potential Hack pipe topic token
+  // that is followed by an equals sign.
+  // See <https://github.com/js-choi/proposal-hack-pipes>.
+  // If we find ^= or %= in an expression position
+  // (i.e., the tt.moduloAssign or tt.xorAssign token types),
+  // and if the Hack-pipes proposal is active with ^ or % as its topicToken,
+  // then the ^ or % could be the topic token (e.g., in x |> ^==y or x |> ^===y),
+  // and so we reparse the current token as ^ or %.
+  // Otherwise, this throws an unexpected-token error.
+  parseTopicReferenceThenEqualsSign(
+    topicTokenType: TokenType,
+    topicTokenValue: string,
+  ): N.Expression {
+    const pipeProposal = this.getPluginOption("pipelineOperator", "proposal");
+
+    if (pipeProposal) {
+      // Set the most-recent token to be a topic token
+      // given by the tokenType and tokenValue.
+      // Now the next readToken() call (in parseTopicReference)
+      // will consume that “topic token”.
+      this.state.type = topicTokenType;
+      this.state.value = topicTokenValue;
+      // Rewind the tokenizer to the end of the “topic token”,
+      // so that the following token starts at the equals sign after that topic token.
+      this.state.pos--;
+      this.state.end--;
+      this.state.endLoc.column--;
+      // Now actually consume the topic token.
+      return this.parseTopicReference(pipeProposal);
+    } else {
+      throw this.unexpected();
+    }
+  }
+
+  // This helper method should only be called
+  // when the proposal-pipeline-operator plugin is active,
+  // and when the parser has reached a potential Hack pipe topic token.
+  // Although a pipe-operator proposal is assumed to be active,
+  // its configuration might not match the current token’s type.
+  // See <https://github.com/js-choi/proposal-hack-pipes>.
+  parseTopicReference(pipeProposal: string): N.Expression {
+    const node = this.startNode();
+    const start = this.state.start;
+    const tokenType = this.state.type;
+
+    // Consume the current token.
+    this.next();
+
+    // If the pipe-operator plugin’s configuration matches the current token’s type,
+    // then this will return `node`, will have been finished as a topic reference.
+    // Otherwise, this will throw a `PipeTopicUnconfiguredToken` error.
+    return this.finishTopicReference(node, start, pipeProposal, tokenType);
+  }
+
   // This helper method attempts to finish the given `node`
   // into a topic-reference node for the given `pipeProposal`.
   // See <https://github.com/js-choi/proposal-hack-pipes>.
diff --git a/packages/babel-parser/src/plugin-utils.js b/packages/babel-parser/src/plugin-utils.js
index 017d158bfcb7..0e2d64c26e6f 100644
--- a/packages/babel-parser/src/plugin-utils.js
+++ b/packages/babel-parser/src/plugin-utils.js
@@ -39,7 +39,7 @@ export function getPluginOption(
 }
 
 const PIPELINE_PROPOSALS = ["minimal", "fsharp", "hack", "smart"];
-const TOPIC_TOKENS = ["%", "#"];
+const TOPIC_TOKENS = ["^", "%", "#"];
 const RECORD_AND_TUPLE_SYNTAX_TYPES = ["hash", "bar"];
 
 export function validatePlugins(plugins: PluginList) {
diff --git a/packages/babel-parser/src/tokenizer/index.js b/packages/babel-parser/src/tokenizer/index.js
index 85a0a6039547..d77a1b62045c 100644
--- a/packages/babel-parser/src/tokenizer/index.js
+++ b/packages/babel-parser/src/tokenizer/index.js
@@ -594,20 +594,24 @@ export default class Tokenizer extends ParserErrors {
   }
 
   readToken_mult_modulo(code: number): void {
-    // '%*'
+    // '%' or '*'
     let type = code === charCodes.asterisk ? tt.star : tt.modulo;
     let width = 1;
     let next = this.input.charCodeAt(this.state.pos + 1);
 
-    // Exponentiation operator **
+    // Exponentiation operator '**'
     if (code === charCodes.asterisk && next === charCodes.asterisk) {
       width++;
       next = this.input.charCodeAt(this.state.pos + 2);
       type = tt.exponent;
     }
 
+    // '%=' or '*='
     if (next === charCodes.equalsTo && !this.state.inType) {
       width++;
+      // `tt.moduloAssign` is only needed to support % as a Hack-pipe topic token.
+      // If the proposal ends up choosing a different token,
+      // it can be merged with tt.assign.
       type = code === charCodes.percentSign ? tt.moduloAssign : tt.assign;
     }
 
@@ -681,11 +685,17 @@ export default class Tokenizer extends ParserErrors {
   }
 
   readToken_caret(): void {
-    // '^'
     const next = this.input.charCodeAt(this.state.pos + 1);
-    if (next === charCodes.equalsTo) {
-      this.finishOp(tt.assign, 2);
-    } else {
+
+    // '^='
+    if (next === charCodes.equalsTo && !this.state.inType) {
+      // `tt.xorAssign` is only needed to support ^ as a Hack-pipe topic token.
+      // If the proposal ends up choosing a different token,
+      // it can be merged with tt.assign.
+      this.finishOp(tt.xorAssign, 2);
+    }
+    // '^'
+    else {
       this.finishOp(tt.bitwiseXOR, 1);
     }
   }
diff --git a/packages/babel-parser/src/tokenizer/types.js b/packages/babel-parser/src/tokenizer/types.js
index 9188b7b4aabd..068612d1a7dc 100644
--- a/packages/babel-parser/src/tokenizer/types.js
+++ b/packages/babel-parser/src/tokenizer/types.js
@@ -140,9 +140,14 @@ export const types: { [name: string]: TokenType } = {
   eq: new TokenType("=", { beforeExpr, isAssign }),
   assign: new TokenType("_=", { beforeExpr, isAssign }),
   slashAssign: new TokenType("_=", { beforeExpr, isAssign }),
-  // This is only needed to support % as a Hack-pipe topic token. If the proposal
-  // ends up choosing a different token, it can be merged with tt.assign.
+  // `tt.moduloAssign` is only needed to support % as a Hack-pipe topic token.
+  // If the proposal ends up choosing a different token,
+  // it can be merged with tt.assign.
   moduloAssign: new TokenType("_=", { beforeExpr, isAssign }),
+  // `tt.xorAssign` is only needed to support ^ as a Hack-pipe topic token.
+  // If the proposal ends up choosing a different token,
+  // it can be merged with tt.assign.
+  xorAssign: new TokenType("_=", { beforeExpr, isAssign }),
   incDec: new TokenType("++/--", { prefix, postfix, startsExpr }),
   bang: new TokenType("!", { beforeExpr, prefix, startsExpr }),
   tilde: new TokenType("~", { beforeExpr, prefix, startsExpr }),
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-hash-proposal-percent-topic/input.js b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-hash-proposal-percent-topic/input.js
deleted file mode 100644
index d63a725e727e..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-hash-proposal-percent-topic/input.js
+++ /dev/null
@@ -1 +0,0 @@
-value |> %
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-hash-proposal-percent-topic/options.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-hash-proposal-percent-topic/options.json
deleted file mode 100644
index 2b8981cde576..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-hash-proposal-percent-topic/options.json
+++ /dev/null
@@ -1,4 +0,0 @@
-{
-  "plugins": [["pipelineOperator", { "proposal": "hack", "topicToken": "#" }]],
-  "throws": "Invalid topic token %. In order to use % as a topic reference, the pipelineOperator plugin must be configured with { \"proposal\": \"hack\", \"topicToken\": \"%\" }. (1:9)"
-}
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/input.js b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/input.js
deleted file mode 100644
index 59813118cee5..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/input.js
+++ /dev/null
@@ -1 +0,0 @@
-value |> (variable %= %);
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/options.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/options.json
deleted file mode 100644
index cfbb79338626..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/options.json
+++ /dev/null
@@ -1,3 +0,0 @@
-{
-  "plugins": [["pipelineOperator", { "proposal": "hack", "topicToken": "%" }]]
-}
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/output.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/output.json
deleted file mode 100644
index 94ab834b1611..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-with-spaces/output.json
+++ /dev/null
@@ -1,45 +0,0 @@
-{
-  "type": "File",
-  "start":0,"end":25,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":25}},
-  "program": {
-    "type": "Program",
-    "start":0,"end":25,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":25}},
-    "sourceType": "script",
-    "interpreter": null,
-    "body": [
-      {
-        "type": "ExpressionStatement",
-        "start":0,"end":25,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":25}},
-        "expression": {
-          "type": "BinaryExpression",
-          "start":0,"end":24,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":24}},
-          "left": {
-            "type": "Identifier",
-            "start":0,"end":5,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":5},"identifierName":"value"},
-            "name": "value"
-          },
-          "operator": "|>",
-          "right": {
-            "type": "AssignmentExpression",
-            "start":10,"end":23,"loc":{"start":{"line":1,"column":10},"end":{"line":1,"column":23}},
-            "extra": {
-              "parenthesized": true,
-              "parenStart": 9
-            },
-            "operator": "%=",
-            "left": {
-              "type": "Identifier",
-              "start":10,"end":18,"loc":{"start":{"line":1,"column":10},"end":{"line":1,"column":18},"identifierName":"variable"},
-              "name": "variable"
-            },
-            "right": {
-              "type": "TopicReference",
-              "start":22,"end":23,"loc":{"start":{"line":1,"column":22},"end":{"line":1,"column":23}}
-            }
-          }
-        }
-      }
-    ],
-    "directives": []
-  }
-}
\ No newline at end of file
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/input.js b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/input.js
deleted file mode 100644
index 6fac4290fb77..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/input.js
+++ /dev/null
@@ -1 +0,0 @@
-value |> (variable%=%);
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/options.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/options.json
deleted file mode 100644
index cfbb79338626..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/options.json
+++ /dev/null
@@ -1,3 +0,0 @@
-{
-  "plugins": [["pipelineOperator", { "proposal": "hack", "topicToken": "%" }]]
-}
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/output.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/output.json
deleted file mode 100644
index e9a58291fe3c..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-modulo-assignment-without-spaces/output.json
+++ /dev/null
@@ -1,45 +0,0 @@
-{
-  "type": "File",
-  "start":0,"end":23,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":23}},
-  "program": {
-    "type": "Program",
-    "start":0,"end":23,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":23}},
-    "sourceType": "script",
-    "interpreter": null,
-    "body": [
-      {
-        "type": "ExpressionStatement",
-        "start":0,"end":23,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":23}},
-        "expression": {
-          "type": "BinaryExpression",
-          "start":0,"end":22,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":22}},
-          "left": {
-            "type": "Identifier",
-            "start":0,"end":5,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":5},"identifierName":"value"},
-            "name": "value"
-          },
-          "operator": "|>",
-          "right": {
-            "type": "AssignmentExpression",
-            "start":10,"end":21,"loc":{"start":{"line":1,"column":10},"end":{"line":1,"column":21}},
-            "extra": {
-              "parenthesized": true,
-              "parenStart": 9
-            },
-            "operator": "%=",
-            "left": {
-              "type": "Identifier",
-              "start":10,"end":18,"loc":{"start":{"line":1,"column":10},"end":{"line":1,"column":18},"identifierName":"variable"},
-              "name": "variable"
-            },
-            "right": {
-              "type": "TopicReference",
-              "start":20,"end":21,"loc":{"start":{"line":1,"column":20},"end":{"line":1,"column":21}}
-            }
-          }
-        }
-      }
-    ],
-    "directives": []
-  }
-}
\ No newline at end of file
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/input.js b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/input.js
deleted file mode 100644
index cf93fdf68f03..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/input.js
+++ /dev/null
@@ -1 +0,0 @@
-variable %= value |> %;
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/options.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/options.json
deleted file mode 100644
index cfbb79338626..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/options.json
+++ /dev/null
@@ -1,3 +0,0 @@
-{
-  "plugins": [["pipelineOperator", { "proposal": "hack", "topicToken": "%" }]]
-}
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/output.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/output.json
deleted file mode 100644
index 60818d5b2bd1..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-with-spaces/output.json
+++ /dev/null
@@ -1,41 +0,0 @@
-{
-  "type": "File",
-  "start":0,"end":23,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":23}},
-  "program": {
-    "type": "Program",
-    "start":0,"end":23,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":23}},
-    "sourceType": "script",
-    "interpreter": null,
-    "body": [
-      {
-        "type": "ExpressionStatement",
-        "start":0,"end":23,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":23}},
-        "expression": {
-          "type": "AssignmentExpression",
-          "start":0,"end":22,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":22}},
-          "operator": "%=",
-          "left": {
-            "type": "Identifier",
-            "start":0,"end":8,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":8},"identifierName":"variable"},
-            "name": "variable"
-          },
-          "right": {
-            "type": "BinaryExpression",
-            "start":12,"end":22,"loc":{"start":{"line":1,"column":12},"end":{"line":1,"column":22}},
-            "left": {
-              "type": "Identifier",
-              "start":12,"end":17,"loc":{"start":{"line":1,"column":12},"end":{"line":1,"column":17},"identifierName":"value"},
-              "name": "value"
-            },
-            "operator": "|>",
-            "right": {
-              "type": "TopicReference",
-              "start":21,"end":22,"loc":{"start":{"line":1,"column":21},"end":{"line":1,"column":22}}
-            }
-          }
-        }
-      }
-    ],
-    "directives": []
-  }
-}
\ No newline at end of file
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/input.js b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/input.js
deleted file mode 100644
index eef896e1d855..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/input.js
+++ /dev/null
@@ -1 +0,0 @@
-variable%=value |> %;
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/options.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/options.json
deleted file mode 100644
index cfbb79338626..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/options.json
+++ /dev/null
@@ -1,3 +0,0 @@
-{
-  "plugins": [["pipelineOperator", { "proposal": "hack", "topicToken": "%" }]]
-}
diff --git a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/output.json b/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/output.json
deleted file mode 100644
index 997ad681f30b..000000000000
--- a/packages/babel-parser/test/fixtures/experimental/pipeline-operator/hack-percent-proposal-within-modulo-assignment-without-spaces/output.json
+++ /dev/null
@@ -1,41 +0,0 @@
-{
-  "type": "File",
-  "start":0,"end":21,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":21}},
-  "program": {
-    "type": "Program",
-    "start":0,"end":21,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":21}},
-    "sourceType": "script",
-    "interpreter": null,
-    "body": [
-      {
-        "type": "ExpressionStatement",
-        "start":0,"end":21,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":21}},
-        "expression": {
-          "type": "AssignmentExpression",
-          "start":0,"end":20,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":20}},
-          "operator": "%=",
-          "left": {
-            "type": "Identifier",
-            "start":0,"end":8,"loc":{"start":{"line":1,"column":0},"end":{"line":1,"column":8},"identifierName":"variable"},
-            "name": "variable"
-          },
-          "right": {
-            "type": "BinaryExpression",
-            "start":10,"end":20,"loc":{"start":{"line":1,"column":10},"end":{"line":1,"column":20}},
-            "left": {
-              "type": "Identifier",
-              "start":10,"end":15,"loc":{"start":{"line":1,"column":10},"end":{"line":1,"column":15},"identifierName":"value"},
-              "name": "value"
-            },
-            "operator": "|>",
-            "right": {
-              "type": "TopicReference",
-              "start":19,"end":20,"loc":{"start":{"line":1,"column":19},"end":{"line":1,"column":20}}
-            }
-          }
-        }
-      }
-    ],
-    "directives": []
-  }
-}
\ No newline at end of file
diff --git a/packages/babel-plugin-syntax-pipeline-operator/src/index.js b/packages/babel-plugin-syntax-pipeline-operator/src/index.js
index f81201bb2fc9..6ee8d1fbb638 100644
--- a/packages/babel-plugin-syntax-pipeline-operator/src/index.js
+++ b/packages/babel-plugin-syntax-pipeline-operator/src/index.js
@@ -1,7 +1,7 @@
 import { declare } from "@babel/helper-plugin-utils";
 
 const PIPELINE_PROPOSALS = ["minimal", "fsharp", "hack", "smart"];
-const TOPIC_TOKENS = ["%", "#"];
+const TOPIC_TOKENS = ["^", "%", "#"];
 const documentationURL =
   "https://babeljs.io/docs/en/babel-plugin-proposal-pipeline-operator";