# USD/JPY Holds Near 158 as Fed, BoJ Both Price December Hikes

> 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.

- Date: 2026-11-03 · published 2026-11-03T18:38:53.133Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/78308-usd-jpy-holds-near-158-as-fed-boj-both-price-december-hikes
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: neutral
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-25 | [USD/JPY pauses gain near 111.00 posts mixed US data — Octa](https://feedsoft.ai/events/46843-usd-jpy-pauses-gain-near-111-00-posts-mixed-us-data-octa.md) | +0.4% | +1.0% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| DXY | 2025-08-29 | [US Dollar Index surges near 98.00 ahead of PCE Price Index data](https://feedsoft.ai/events/23513-us-dollar-index-surges-near-98-00-ahead-of-pce-price-index-data.md) | -0.1% | +0.1% |
| DXY | 2021-11-15 | [Bank of England says December Rate Hike "In Play"](https://feedsoft.ai/events/44294-bank-of-england-says-december-rate-hike-in-play.md) | +0.6% | +1.2% |
| DXY | 2026-07-30 | [Dollar Slides After Fed Holds Rates Steady; BoE and BoJ Take Center Stage \| Investing.com](https://feedsoft.ai/events/18550-dollar-slides-after-fed-holds-rates-steady-boe-and-boj-take-center-stage.md) | -1.2% | -1.9% |

## Sources

- vantagemarkets.com: https://www.vantagemarkets.com/market-analysis/usd-jpy-range-fed-boj-december-hikes-november-2-2026/

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