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In Tokyo morning trade on Monday, USD/JPY fell from the 157.90s to the 157.78 area and was near 157.81. The previous day's US 10-year yield was 4.901% and Japan's was 2.767%, a gap that narrowed by about 1.9 basis points.
EUR/JPY traded around 176.60 and EUR/USD near 1.1195.
A narrowing US-Japan rate gap weakens the dollar against the yen, which slightly eases yen-denominated costs for Japanese buyers of dollar-priced feed ingredients.
zaikei.co.jpNov 3, 2026Not enough comparable past events yet for a historical read.
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.
