
The dollar traded around 158.03 yen in Tokyo on November 4, up nearly 30 sen from the prior day, after briefly sliding to 157.30 yen on expectations of a Democratic majority in both chambers. The dollar recovered later in the afternoon as markets priced in the Democratic victory.
The euro was around 177.57 yen and 1.1236 dollars.
Dollar and yen moves tied to US fiscal and rate expectations feed into dollar-denominated feed commodity prices and import costs for Asian buyers.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.