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USD/JPY slid for a second day to around 158 as minutes of the Bank of Japan's September meeting showed policymakers agreed it was suitable to keep raising rates. Lower US bond yields and a fall in crude oil after the US midterm results also weighed on the dollar.
A firmer yen and weaker dollar lower the cost of dollar-priced feed imports for Japan and shift currency-driven demand for US commodities. Hawkish Fed bets could still limit the dollar's decline.
fxstreet.comHaresh MenghaniNov 5, 2026After 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.
