Loading…
USD/JPY rose toward 157.85 at the start of the week, recovering from a post-BoJ swing low below 157.00. Japan's Finance Minister Satsuki Katayama reiterated readiness to act against excessive yen weakness, but the yen stayed soft amid uncertainty over the timing of the next BoJ rate hike.
Hopes for Iran-US diplomacy weighed on the dollar and capped the pair's gains.
A weaker yen makes dollar-priced feed imports more expensive for Japanese buyers, while a stronger dollar tends to pressure US grain and soymeal export values. Intervention risk and the BoJ outlook are the main near-term swing factors.
fxstreet.comHaresh MenghaniNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
