# Weekly Forecast 2nd to 6th November: Markets Show Caution

> The US dollar rallied against the Mexican peso for most of the week, though it dipped early on. Analysts flagged MXN 18.50 as support and MXN 19 as resistance. USD/JPY was range-bound after the Federal Reserve and Bank of Japan both held rates, with ¥156.50 as support and ¥159 as resistance.

- Date: 2026-11-01 · published 2026-11-01T12:08:57.863Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8892-weekly-forecast-2nd-to-6th-november-markets-show-caution
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency swings against the peso and yen change the cost of feed imports for Mexican and Japanese buyers. The technical commentary describes routine price levels rather than a new fundamental shock.

## Read by commodity

- USDJPY: neutral
- USDMXN: bullish ▲

## Sources

- dailyforex.com: https://www.dailyforex.com/forex-technical-analysis/2026/11/weekly-forex-forecast-2nd-to-6th-november-2026/251268

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