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USD/JPY consolidated below 158.00 in Asian trade on Tuesday after a positive prior session. Japan's Finance Minister Satsuki Katayama repeated intervention warnings and said the government is prepared to act against disorderly yen weakness, while US ISM Manufacturing PMI rose to 55.5 in October and markets priced over a 70% chance of another Fed hike in December.
A stronger US dollar and possible Japanese intervention both affect the yen-denominated cost of dollar-priced feed imports, and Fed hike expectations support the dollar, which tends to pressure dollar-quoted grain and oilseed prices.
fxstreet.comHaresh MenghaniNov 3, 2026Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
