# Asia FX: Tech-driven risk-off weighs before NFP – MUFG

> MUFG analysts said a technology-led equity selloff and safe-haven demand for the dollar and yen were weighing on Asian currencies, offsetting support from lower oil prices and U.S. yields. They noted that stronger-than-expected JOLTS and ADP data raised the possibility that October nonfarm payrolls could exceed expectations, potentially reinforcing expectations of further Fed tightening and pressuring currencies such as the Taiwanese dollar and Korean won.

- Date: 2026-11-06 · published 2026-11-07T12:09:16.068Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/85893-asia-fx-tech-driven-risk-off-weighs-before-nfp-mufg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar can raise the local-currency cost of imported feed and agricultural commodities across Asia, while risk aversion may add pressure to regional currencies. Lower oil prices provide some offset by easing energy and freight costs.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-29 | [FX Daily: Australian inflation weighs on risk assets \| articles \| ING THINK](https://feedsoft.ai/events/30530-fx-daily-australian-inflation-weighs-on-risk-assets-articles-ing-think.md) | +1.1% | +2.3% |
| DXY | 2021-02-26 | [FX Daily: Bond sell-off re-prices risk](https://feedsoft.ai/events/9592-fx-daily-bond-sell-off-re-prices-risk.md) | +0.7% | +1.9% |
| DXY | 2025-11-01 | [Indian Rupee Nears Record Low as Fed-Driven Strong Dollar Weighs](https://feedsoft.ai/events/22692-indian-rupee-nears-record-low-as-fed-driven-strong-dollar-weighs.md) | +0.0% | -0.2% |
| DXY | 2023-10-26 | [Asia FX, stocks slip as risk-off sentiment prevails - Markets - Business Recorder](https://feedsoft.ai/events/33927-asia-fx-stocks-slip-as-risk-off-sentiment-prevails-markets-business-recorder.md) | +0.0% | -2.9% |
| DXY | 2023-03-09 | [Investors turn more bearish on Asian FX amid return of King Dollar \| Reuters](https://feedsoft.ai/events/37103-investors-turn-more-bearish-on-asian-fx-amid-return-of-king-dollar-reuters.md) | +0.5% | -1.8% |
| WTI | 2020-02-24 | [Virus-driven risk-off move lifts yen versus dollar](https://feedsoft.ai/events/54816-virus-driven-risk-off-move-lifts-yen-versus-dollar.md) | -16.0% | -61.7% |
| WTI | 2020-01-27 | [Asia Wrap:"Risk-Off" Dash And Brexit Ahead \| Investing.com](https://feedsoft.ai/events/55362-asia-wrap-risk-off-dash-and-brexit-ahead-investing-com.md) | -4.7% | -5.1% |
| WTI | 2023-01-30 | [Risk aversion weighs on Canadian dollar ahead of Fed rate decision - The Globe and Mail](https://feedsoft.ai/events/38035-risk-aversion-weighs-on-canadian-dollar-ahead-of-fed-rate-decision-the-globe.md) | -7.9% | -5.2% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/asia-fx-tech-driven-risk-off-weighs-before-nfp-mufg-202611061310

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