Business · Markets · 2 hrs ago
Yen falls against dollar as US rate-hike expectations rise
The yen fell against the dollar in New York on November 6, ending at 158.50–158.60 yen per dollar.
The move followed US jobs data showing 165,000 jobs added in October, well above the 59,000 expected by markets.
The unemployment rate was 4.1%, below the expected 4.2%, and figures for August and September were revised upward.
Investors saw the figures as evidence of a strong labour market, which could keep inflation concerns in focus.
That led to stronger expectations of a December rate hike by the US Federal Reserve and increased demand for dollars.
The rate decision has not yet been made, but markets are watching the Fed’s December meeting.
The yen fell against the dollar in New York on November 6, ending at 158.50–60 yen per dollar.
The move followed stronger-than-expected US jobs data that raised expectations of another Federal Reserve rate increase this year.
US employers added 165,000 jobs in October, above the market forecast of 59,000.
The US unemployment rate was 4.1%, below the 4.2% forecast.
The yen rose against the euro, while the euro fell against the dollar.
- Who
- The yen and the US dollar traded in the New York foreign exchange market.
- What
- The yen weakened against the dollar, closing at 158.50–60 yen per dollar.
- When
- November 6, 2026.
- Where
- New York foreign exchange market.
- Why
- Stronger-than-expected US employment data raised expectations of a Federal Reserve rate increase in December, supporting dollar buying.
This story does not have two clearly opposing sides.
US employment data showed 165,000 jobs added in October and an unemployment rate of 4.1%.
The yen weakened against the dollar in New York and closed at 158.50–60 yen per dollar.
- Yen-dollar closing rate
- 158.50–60 yen per dollar
- Yen's daily move
- 90 sen weaker against the dollar
- US jobs added in October
- 165,000
- Market forecast for job gains
- 59,000
- US unemployment rate
- 4.1%
1 source
What people are saying
The Fed is seen as emphasizing inflation control and maintaining a path to raise rates in December