# Tokyo forex summary: Dollar falls briefly to 157.70 yen range as U.S. long-term yields decline

> The dollar fell briefly to the 157.70 yen range in Tokyo trading on Thursday as US long-term Treasury yields declined. Expectations that Democratic control would curb Trump-era spending and lower oil prices also weighed on the dollar.

- Date: 2026-11-05 · published 2026-11-05T15:09:18.342Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81939-tokyo-forex-summary-dollar-falls-briefly-to-157-70-yen-range-as-u-s-long-term
- 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 narrower rate differentials weaken the dollar, which eases dollar-priced import costs for yen-based feed buyers. The effect on grain prices is indirect.

## Read by commodity

- WTI: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-07-26 | [Canadian dollar posts longest losing streak in six years as oil falls - The Globe and Mail](https://feedsoft.ai/events/29504-canadian-dollar-posts-longest-losing-streak-in-six-years-as-oil-falls-the-globe.md) | -2.3% | -7.0% |
| WTI | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | +4.4% | -0.4% |
| WTI | 2020-04-28 | [2020-2022 Exchange Rate Forecasts: Pound-Dollar And Euro-Pound To Rise As USD Losses To Prevail](https://feedsoft.ai/events/53874-2020-2022-exchange-rate-forecasts-pound-dollar-and-euro-pound-to-rise-as-usd.md) | +65.3% | +179.6% |
| WTI | 2019-05-02 | [WEAK INFLATION ISN'T TRANSITORY -- COMMODITY PRICES HAVE BEEN FALLING FOR A DECADE -- A RISING DOLLAR IS ONE REASON WHY -- STOCKS REACT BADLY TO LESS DOVISH FED -- RISING BOND YIELDS BOOST THE DOLLAR -- CRUDE OIL LEADS COMMODITIES LOWER](https://feedsoft.ai/events/58995-weak-inflation-isn-t-transitory-commodity-prices-have-been-falling-for-a-decade.md) | -2.3% | -7.5% |
| WTI | 2026-06-01 | [Canadian Dollar falls despite solid jobs data as US NFP beat forecasts](https://feedsoft.ai/events/19480-canadian-dollar-falls-despite-solid-jobs-data-as-us-nfp-beat-forecasts.md) | +3.5% | -20.5% |

## Sources

- en.kabutan.com: https://en.kabutan.com/jp/news/n202611051214

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