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USD/JPY traded near 157.90 on November 3, 2026, in a narrow range after the Bank of Japan held its policy rate at 1.25% in an 8-1 vote and the Federal Reserve held at 3.75% to 4.00% in a 10-2 vote. Markets priced December rate hikes from both central banks, with odds of about 78% to 85% for the Fed and about 80% for the BoJ.
When both central banks are expected to tighten, the rate gap that usually drives the dollar-yen pair narrows, which supports a stable dollar against the yen. For feed buyers, stable currency rates mean steadier yen and dollar costs for imported ingredients.
vantagemarkets.comVantage Editorial Team >Nov 3, 2026Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
