# Forex summary: Dollar recovers to 158 yen level as markets price in Democratic win in U.S. midterm elections - Kabutan

> 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.

- Date: 2026-11-04 · published 2026-11-04T12:08:42.521Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/79618-forex-summary-dollar-recovers-to-158-yen-level-as-markets-price-in-democratic
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar and yen moves tied to US fiscal and rate expectations feed into dollar-denominated feed commodity prices and import costs for Asian buyers.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-24 | [EMERGING MARKETS-Recovery fears hit South Korea's won as U.S. dollar firms](https://feedsoft.ai/events/51853-emerging-markets-recovery-fears-hit-south-korea-s-won-as-u-s-dollar-firms.md) | -1.0% | -0.6% |
| DXY | 2019-05-24 | [ING: U.S. Dollar to Remain Supported as Markets for a Fed Rate Cut are Misplaced](https://feedsoft.ai/events/59252-ing-u-s-dollar-to-remain-supported-as-markets-for-a-fed-rate-cut-are-misplaced.md) | +0.4% | -1.2% |
| DXY | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | +1.5% | +1.0% |
| DXY | 2023-09-29 | [Yen intervention a hard sell even as 150 to the dollar 'red line' beckons \| Reuters](https://feedsoft.ai/events/34347-yen-intervention-a-hard-sell-even-as-150-to-the-dollar-red-line-beckons-reuters.md) | +1.1% | +0.9% |
| DXY | 2022-09-23 | [Yen propped up after intervention, dollar powers through - Markets - Business Recorder](https://feedsoft.ai/events/39812-yen-propped-up-after-intervention-dollar-powers-through-markets-business.md) | +1.1% | +1.2% |

## Sources

- en.kabutan.com: https://en.kabutan.com/jp/news/n202611041043

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