
The Democratic Party won a majority in both houses of Congress in the November 3 US midterms, and the dollar is expected to face selling pressure against the yen. The projected trading range is 157.20 to 158.60 yen.
Expected curbs on US fiscal spending and a narrowing US-Japan yield gap could weaken the dollar, which tends to support dollar-priced commodities.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.