# Dollar-yen in the mid-158 range as U.S. stocks stabilize; muted response to strong U.S. jobs data — New York FX overview

> The dollar rose to the mid-158 yen range as U.S. stocks stabilized and traders bought back dollars. October nonfarm payrolls increased by 165,000, unemployment fell to 4.1%, and wages beat expectations, though the market response was described as muted. The report also noted weakness in the euro and pound against the dollar and discussed possible further rate hikes by the Bank of England and ECB.

- Date: 2026-11-07 · published 2026-11-07T00:12:10.637Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/85058-dollar-yen-in-the-mid-158-range-as-u-s-stocks-stabilize-muted-response-to
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Strong U.S. labor data can support the dollar and increase the cost of dollar-denominated feed imports for buyers whose currencies weaken against it.

## Read by commodity

- EURUSD: bearish ▼
- GBPUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-03-28 | [The US Dollar Holds Strong as Interest Rate Cuts Are Expected to Be More Gradual in the United States - Desjardins](https://feedsoft.ai/events/31438-the-us-dollar-holds-strong-as-interest-rate-cuts-are-expected-to-be-more.md) | +0.1% | -1.2% |
| EURUSD | 2021-03-01 | [Euro to US Dollar Exchange Rate Dips on Concerns Over the EU’s Slow Covid-19 Vaccine Rollout \| Euro Exchange Rate News This is](https://feedsoft.ai/events/11423-euro-to-us-dollar-exchange-rate-dips-on-concerns-over-the-eu-s-slow-covid-19.md) | -1.5% | -2.4% |
| EURUSD | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | -0.3% | +0.5% |
| EURUSD | 2022-07-05 | [Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times](https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times.md) | -3.1% | -1.3% |
| EURUSD | 2023-10-27 | [FX Daily: Stark growth gap makes the dollar even harder to sell \| articles \| ING THINK](https://feedsoft.ai/events/33842-fx-daily-stark-growth-gap-makes-the-dollar-even-harder-to-sell-articles-ing.md) | +0.8% | +3.8% |

## Sources

- finance.matsui.co.jp: https://finance.matsui.co.jp/news/635803/index

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