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The dollar-yen pair edged lower on November 5, touching 158.23 yen early in Tokyo trading. Lower US 10-year yields at the start of trade weighed on the dollar, while buying tied to the Tokyo fixing kept losses limited.
Commentary cited falling oil prices and the dollar's decline after the US midterm results.
A softer dollar and lower oil lower import costs for dollar-priced feed commodities. The move is modest, so it has limited effect on feed prices.
zai.diamond.jpＤＺＨフィナンシャルリサーチNov 5, 2026Not enough comparable past events yet for a historical read.
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.
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.
