# [Tokyo Foreign Exchange Market] Dollar-Yen Falls on Oil Price Plunge, BOJ Minutes

> The dollar-yen rate fell 0.34% to 157.843 in Tokyo on November 5 as the yen strengthened. The report cites a sharp decline in oil prices, Bank of Japan minutes seen as signaling openness to further rate hikes, lower US yields, and exporter dollar selling as factors behind the move.

- Date: 2026-11-05 · published 2026-11-06T00:09:53.455Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/82733-tokyo-foreign-exchange-market-dollar-yen-falls-on-oil-price-plunge-boj-minutes
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger yen may reduce the local-currency cost of imported feed ingredients, while lower oil prices can ease energy and freight expenses. These are cost channels rather than evidence of a change in feed commodity availability.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-05-31 | [Oil Price Slides, Canadian Dollar Exchange Rates Side With It \| Exchange Rates UK](https://feedsoft.ai/events/65244-oil-price-slides-canadian-dollar-exchange-rates-side-with-it-exchange-rates-uk.md) | -5.1% | +11.1% |
| 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 | 2023-05-30 | [Canadian dollar dips as oil prices fall more than 4%](https://feedsoft.ai/events/36186-canadian-dollar-dips-as-oil-prices-fall-more-than-4.md) | -0.4% | -6.6% |
| WTI | 2020-03-11 | [Ag Markets Feel Pinch As Oil Prices Plunge - ProAg](https://feedsoft.ai/events/54223-ag-markets-feel-pinch-as-oil-prices-plunge-proag.md) | -21.7% | -31.5% |
| WTI | 2020-02-26 | [Oil plunges deeper into bear market on coronavirus fallout \| CNN Business](https://feedsoft.ai/events/54751-oil-plunges-deeper-into-bear-market-on-coronavirus-fallout-cnn-business.md) | -5.2% | -55.9% |
| BRENT | 2018-05-31 | [Oil Price Slides, Canadian Dollar Exchange Rates Side With It \| Exchange Rates UK](https://feedsoft.ai/events/65244-oil-price-slides-canadian-dollar-exchange-rates-side-with-it-exchange-rates-uk.md) | -3.1% | +0.2% |
| BRENT | 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) | -6.3% | -5.6% |
| BRENT | 2020-03-11 | [Ag Markets Feel Pinch As Oil Prices Plunge - ProAg](https://feedsoft.ai/events/54223-ag-markets-feel-pinch-as-oil-prices-plunge-proag.md) | -22.1% | -27.1% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=147161

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