# USD/JPY Drifts Lower to 158.30 as US Long-Term Yields Fall

> 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.

- Date: 2026-11-04 · published 2026-11-04T00:51:55.128Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/78869-usd-jpy-drifts-lower-to-158-30-as-us-long-term-yields-fall
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Sources

- zai.diamond.jp: https://zai.diamond.jp/articles/-/498432

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