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USD/JPY edged higher to around 158.50 as the Yen underperformed while US JOLTS job openings beat expectations at 7.523 million. Oil prices swung on US-Iran headlines, including a reported US strike on Qeshm Island and unconfirmed reports of concessions in talks.
Elevated energy prices and a wider rate gap favoring the US dollar weigh on the yen, which raises the cost of dollar-priced feed imports for Japan. Oil volatility also feeds through to freight and fertilizer costs.
fxstreet.comVishal ChaturvediNov 3, 2026Not enough comparable past events yet for a historical read.
After 102 past neutral macro events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
After 54 past neutral macro events, BRENT moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% 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.
