# [Tokyo Foreign Exchange Market]Dollar-Yen Rises to Upper 157 Range Ahead of US Midterm Elections < Bonds/Forex < Article - Yonhap Infomax

> 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.

- Date: 2026-11-02 · published 2026-11-02T12:09:00.407Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/75370-tokyo-foreign-exchange-market-dollar-yen-rises-to-upper-157-range-ahead-of-us
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-09-08 | [Yen extends rally to new seven-month high; dollar subdued ahead of CPI \| Reuters](https://feedsoft.ai/events/17707-yen-extends-rally-to-new-seven-month-high-dollar-subdued-ahead-of-cpi-reuters.md) | +9.2% | +3.1% |
| WTI | 2017-06-30 | [Canadian Dollar Exchange Rates Boosted As GDP Comes In On Forecast And Oil Boosts The CAD](https://feedsoft.ai/events/70739-canadian-dollar-exchange-rates-boosted-as-gdp-comes-in-on-forecast-and-oil.md) | -1.5% | +10.7% |
| WTI | 2022-01-31 | [Euro Jumps Ahead of EU GDP and German CPI as US Dollar Pauses. Where to for EUR/USD? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/43342-euro-jumps-ahead-of-eu-gdp-and-german-cpi-as-us-dollar-pauses-where-to-for-eur.md) | +5.6% | +9.8% |
| WTI | 2026-03-03 | [US dollar firms on renewed inflation risks; market pares back rate-cut outlook  \| Reuters](https://feedsoft.ai/events/10710-us-dollar-firms-on-renewed-inflation-risks-market-pares-back-rate-cut-outlook.md) | +33.1% | +46.3% |
| WTI | 2022-01-28 | [India's high foreign exchange reserves not enough to shield rupee \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/43418-india-s-high-foreign-exchange-reserves-not-enough-to-shield-rupee-money-and.md) | +3.4% | +5.0% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=146480

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.