# Tokyo FX: USD/JPY slightly lower, upside seen as limited

> In Tokyo trading on November 3 the dollar-yen dipped slightly from 157.96 to 157.75 yen as oil fell and the dollar sold off ahead of US midterm elections. The Reserve Bank of Australia raised its cash rate to 4.85% by a 6-3 vote, and its governor said further tightening was needed to curb inflation.

- Date: 2026-11-03 · published 2026-11-03T18:09:40.282Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/78109-tokyo-fx-usd-jpy-slightly-lower-upside-seen-as-limited
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger dollar and firmer rate expectations in Australia tighten financing conditions for importers. Oil-driven moves in the yen shift the cost of dollar-denominated grain and meal purchases.

## Read by commodity

- DXY: neutral
- AUDUSD: bullish ▲
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-06 | [USD:  limited scope for additional gains seen - Commerzbank — Octa](https://feedsoft.ai/events/73157-usd-limited-scope-for-additional-gains-seen-commerzbank-octa.md) | -0.2% | -1.7% |
| DXY | 2022-07-27 | [Dollar slightly lower after Fed hikes by 75 basis points - Markets - Business Recorder](https://feedsoft.ai/events/40681-dollar-slightly-lower-after-fed-hikes-by-75-basis-points-markets-business.md) | -0.7% | +0.2% |
| DXY | 2025-07-30 | [USD: Fed set to leave all options open – MUFG — Octa](https://feedsoft.ai/events/23957-usd-fed-set-to-leave-all-options-open-mufg-octa.md) | -0.0% | -0.4% |
| DXY | 2024-02-14 | [US dollar drifts lower, consolidates gains; seen rising further](https://feedsoft.ai/events/31869-us-dollar-drifts-lower-consolidates-gains-seen-rising-further.md) | -0.4% | -1.3% |
| DXY | 2021-05-31 | [USD/JPY: Looks to extend gains beyond 109.60 ahead of US PMI - Forex Crunch](https://feedsoft.ai/events/47353-usd-jpy-looks-to-extend-gains-beyond-109-60-ahead-of-us-pmi-forex-crunch.md) | -0.2% | +1.1% |

## Sources

- jp.investing.com: https://jp.investing.com/news/forex-news/article-1738297
- zaikei.co.jp: https://www.zaikei.co.jp/article/20261103/875976.html

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