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The dollar-yen rose to around 157.84 in Tokyo on November 2, up 0.18%, as traders adjusted positions ahead of the US midterm elections. Dollar buying from Japanese importers and month-start settlements added to the move, and Japan's market holiday on November 3 pulled forward dollar demand.
WTI crude closed at $104.12 on October 30, its highest front-month level since September 15.
Yen weakness raises the cost of dollar-denominated feed and grain imports for Japan, while elevated crude keeps Japan's trade deficit under pressure. Pre-election positioning is a short-term driver, so the effect on feed prices is modest.
en.infomaxai.comMin Jae LeeNov 2, 2026Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
