# NY Yen Dips to 157.90-158.00 per Dollar as Traders Adjust Positions Before Election

> The yen weakened 30 sen against the dollar in New York on November 2, closing at 157.90-158.00, after four sessions of gains. Traders trimmed positions ahead of the US midterm elections, and a sharp fall in WTI crude to the mid-$96 range and lower US long-term yields (down to 4.86%) limited the dollar's advance.

- Date: 2026-11-02 · published 2026-11-03T00:09:40.365Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/76421-ny-yen-dips-to-157-90-158-00-per-dollar-as-traders-adjust-positions-before
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Japan imports nearly all its crude, so lower oil prices ease its import bill, but a weaker yen raises the yen cost of imported feed grains and meal. Falling US yields and oil also reduce pressure on the dollar.

## Read by commodity

- WTI: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-08-31 | [Dollar Maintaining Data Inspired Gains, Yen Broadly Lower as Risk Aversion Eased - ActionForex](https://feedsoft.ai/events/69643-dollar-maintaining-data-inspired-gains-yen-broadly-lower-as-risk-aversion-eased.md) | +6.8% | +12.3% |
| WTI | 2020-10-30 | [Commodity currencies slide on oil, dollar braces for election \| Financial Post](https://feedsoft.ai/events/50816-commodity-currencies-slide-on-oil-dollar-braces-for-election-financial-post.md) | +7.3% | +26.5% |
| WTI | 2020-09-09 | [Dollar and yen rise as tech selloff sends investors to safety \| Financial Post](https://feedsoft.ai/events/51342-dollar-and-yen-rise-as-tech-selloff-sends-investors-to-safety-financial-post.md) | +3.9% | +10.1% |
| WTI | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | +4.6% | +22.3% |
| WTI | 2023-05-30 | [Canadian dollar dips as oil prices fall more than 4%](https://feedsoft.ai/events/36186-canadian-dollar-dips-as-oil-prices-fall-more-than-4.md) | -0.4% | -6.6% |

## Sources

- nikkei.com: https://www.nikkei.com/article/DGXZQOFL02AYD0S6A101C2000000/

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