# US Dollar Bears Lose Their Grip Ahead of NFP, USD/JPY Vols Elevated

> The U.S. dollar's recent selling pressure eased ahead of the October nonfarm payrolls report, with heightened volatility expected in USD/JPY. Markets reduced the probability of a December Federal Reserve rate hike after technology-led equity losses pulled Treasury yields lower; the report was expected to show 65,000 jobs added.

- Date: 2026-11-06 · published 2026-11-06T12:09:11.395Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/83821-us-dollar-bears-lose-their-grip-ahead-of-nfp-usd-jpy-vols-elevated
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Dollar direction and interest-rate expectations can affect the cost of dollar-denominated agricultural imports, but the article describes market positioning ahead of data rather than a new commodity-flow driver. The price implication for feed commodities is limited and indirect.

## Read by commodity

- DXY: neutral
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-05-31 | [USD/JPY: Looks to extend gains beyond 109.60 ahead of US PMI - Forex Crunch](https://feedsoft.ai/events/47353-usd-jpy-looks-to-extend-gains-beyond-109-60-ahead-of-us-pmi-forex-crunch.md) | -0.2% | +1.1% |
| DXY | 2025-08-29 | [US Dollar Index surges near 98.00 ahead of PCE Price Index data](https://feedsoft.ai/events/23513-us-dollar-index-surges-near-98-00-ahead-of-pce-price-index-data.md) | -0.1% | +0.1% |
| DXY | 2018-09-25 | [Dollar slips ahead of widely expected Fed rate hike](https://feedsoft.ai/events/63243-dollar-slips-ahead-of-widely-expected-fed-rate-hike.md) | +0.3% | +1.4% |
| DXY | 2024-01-31 | [Dollar Flat Ahead of FOMC Decision, US Payrolls Report](https://feedsoft.ai/events/32401-dollar-flat-ahead-of-fomc-decision-us-payrolls-report.md) | +0.3% | +0.4% |
| DXY | 2023-09-21 | [Dollar eases after Fed-spurred rise, yen stronger ahead of BOJ](https://feedsoft.ai/events/34309-dollar-eases-after-fed-spurred-rise-yen-stronger-ahead-of-boj.md) | +1.7% | +2.3% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/us-dollar-bears-lose-their-grip-ahead-of-nfp-usd-jpy-vols-elevated/

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