# NY Yen at Low-158 Yen Range as Oil Futures Fall After US Midterm Elections; Dollar Selling and Yen Buying Slightly Dominate

> In New York on November 4, the yen closed at 158.37-158.47 per dollar, gaining 27 sen. Crude oil futures fell after the US midterm elections, easing inflation worries. Lower US long-term yields narrowed the Japan-US rate gap, which favored dollar selling and yen buying.

- Date: 2026-11-05 · published 2026-11-05T03:09:37.221Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/81016-ny-yen-at-low-158-yen-range-as-oil-futures-fall-after-us-midterm-elections
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil and a weaker dollar reduce the cost of imported feed inputs priced in dollars for Japanese buyers. The drop in oil also eases inflation pressure that had supported higher rates.

## Read by commodity

- WTI: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |
| WTI | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | +4.6% | +22.3% |
| WTI | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -7.0% | -7.1% |
| WTI | 2020-01-29 | [Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/55300-canadian-dollar-nears-seven-week-low-as-oil-prices-fall-the-globe-and-mail.md) | -7.1% | -8.8% |
| WTI | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | +5.4% | -12.2% |

## Sources

- sankei.com: https://www.sankei.com/article/20261105-22CMKONMWVKUREUCLUZV7NMIMI/

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