# Japanese yen holds gains vs weak USD as BoJ Minutes stay hawkish

> 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.

- Date: 2026-11-05 · published 2026-11-05T03:08:26.013Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/80998-japanese-yen-holds-gains-vs-weak-usd-as-boj-minutes-stay-hawkish
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-26 | [Japanese Yen clings to gains amid intervention fears, hawkish BoJ](https://feedsoft.ai/events/21297-japanese-yen-clings-to-gains-amid-intervention-fears-hawkish-boj.md) | -0.8% | -0.8% |
| DXY | 2018-02-28 | [Japanese yen may strengthen as dollar weakens: Morgan Stanley and ING](https://feedsoft.ai/events/66740-japanese-yen-may-strengthen-as-dollar-weakens-morgan-stanley-and-ing.md) | -0.1% | -0.5% |
| DXY | 2025-04-21 | [Japanese Yen seems poised to appreciate further against weaker USD amid trade woes](https://feedsoft.ai/events/25373-japanese-yen-seems-poised-to-appreciate-further-against-weaker-usd-amid-trade.md) | -0.1% | +0.1% |
| DXY | 2025-03-31 | [Japanese Yen jumps to over one-week high against weaker USD; seems poised to climb further](https://feedsoft.ai/events/25819-japanese-yen-jumps-to-over-one-week-high-against-weaker-usd-seems-poised-to.md) | -0.5% | -2.8% |
| DXY | 2025-03-31 | [Yen holds gains vs US dollar ahead of tariff announcement](https://feedsoft.ai/events/25370-yen-holds-gains-vs-us-dollar-ahead-of-tariff-announcement.md) | -0.5% | -2.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japanese-yen-remains-on-the-front-foot-vs-weak-usd-after-hawkish-boj-minutes-202611050155

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