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USD/JPY slipped to 158.34 in early Asian trade on November 4 as the 10-year US Treasury yield fell to the low 4.92% range. The weaker dollar pushed EUR/USD up to 1.1222.
Market commentary also pointed to US midterm election outcomes and the uncertain Iran peace talks as drivers of currency moves.
Yen and dollar moves change the cost of dollar-denominated feed commodities for Japanese buyers, but the moves are small and driven by rates and politics rather than farm supply. Lower US yields modestly ease pressure on the dollar.
zai.diamond.jpＤＺＨフィナンシャルリサーチNov 4, 2026Not enough comparable past events yet for a historical read.
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.
