# NY FX: Yen Holds in the Late 157 Range (November 2)

> The yen traded in the upper 157 yen range against the dollar in New York on Monday, November 2, as markets waited for the US midterm elections and upcoming US jobs data. The dollar was supported by an unexpectedly strong US ISM manufacturing reading of 55.5, while falling US crude and long-term yields capped its gains. The euro rose to 176.65-176.75 yen.

- Date: 2026-11-03 · published 2026-11-03T00:09:40.425Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/76422-ny-fx-yen-holds-in-the-late-157-range-november-2
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A yen near 158 per dollar keeps Japanese importers' costs for US feed grains and meal high. The result depends on the US jobs data and Fed policy outlook, which affect the dollar and commodity import costs.

## Read by commodity

- DXY: neutral
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-10-30 | [Trading The FOMC Interest Rate Decision, November 1, 2017 \| Investing.com](https://feedsoft.ai/events/68660-trading-the-fomc-interest-rate-decision-november-1-2017-investing-com.md) | -0.2% | -1.6% |
| DXY | 2017-11-02 | [Bank Rate increased to 0.50% - November 2017 \| Bank of England – the UK's central bank](https://feedsoft.ai/events/68228-bank-rate-increased-to-0-50-november-2017-bank-of-england-the-uk-s-central-bank.md) | -0.1% | -1.5% |
| DXY | 2023-07-31 | [The USD/VND rate may stay steady in 2H23](https://feedsoft.ai/events/35341-the-usd-vnd-rate-may-stay-steady-in-2h23.md) | +0.9% | +2.3% |
| DXY | 2017-01-26 | [Are Interest Rates No Longer Driving the Dollar? - BBH — Octa](https://feedsoft.ai/events/73136-are-interest-rates-no-longer-driving-the-dollar-bbh-octa.md) | -0.5% | -1.1% |
| DXY | 2022-05-13 | [FOREX-Yen set to snap nine weeks of losses, dollar holds firm](https://feedsoft.ai/events/41626-forex-yen-set-to-snap-nine-weeks-of-losses-dollar-holds-firm.md) | -1.5% | -1.1% |

## Sources

- sp.m.jiji.com: https://sp.m.jiji.com/article/show/3903393

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