# Tokyo FX: USD/JPY falls to the 157.80 yen area as narrowing Japan-US rate gap caps gains

> 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.

- Date: 2026-11-03 · published 2026-11-03T03:08:42.782Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/76885-tokyo-fx-usd-jpy-falls-to-the-157-80-yen-area-as-narrowing-japan-us-rate-gap
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: neutral

## Sources

- zaikei.co.jp: https://www.zaikei.co.jp/article/20261103/875934.html

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