Business · Markets · 5 hrs ago
Yen rises to 158.35–45 per dollar as US yields and oil prices fall
The yen rose to 158.35–45 per dollar in New York on November 4, its first gain in three trading days.
Lower US long-term yields helped the yen, as investors saw less chance that the gap between US and Japanese interest rates would widen.
Democrats were projected to win majorities in both chambers of Congress, raising expectations that government spending could be constrained.
Falling oil prices also supported the yen by easing concerns about Japan’s import costs and trade balance.
The yen’s gains were limited as US stocks rallied and stronger employment indicators encouraged expectations of a possible Federal Reserve rate increase in December.
US employment data due November 6 could shape expectations for interest rates and the dollar.
The yen rose to 158.35–45 per dollar in New York on Nov. 4, gaining 30 sen from the previous day.
Falling US long-term yields after the US midterm election results helped support the yen.
Lower oil prices also eased concerns about Japan’s import bill and supported the currency.
The yen’s gains were limited by stronger risk appetite and signs of resilience in US employment.
- Who
- The yen and the US dollar.
- What
- The yen strengthened to 158.35–45 per dollar, up 30 sen from the previous day.
- When
- The New York foreign exchange market on Nov. 4, 2026.
- Where
- New York.
- Why
- Lower US yields and oil prices supported the yen, while stronger risk appetite and resilient US employment data limited its gains.
This story does not have two clearly opposing sides.
The US midterm elections were held, and Democrats were projected to win majorities in both chambers of Congress.
US long-term yields fell, while near-term WTI futures briefly reached their lowest level in about a month.
The yen rose in New York and ended at 158.35–45 per dollar, up 30 sen from the previous day.
- Yen close
- 158.35–45 per dollar
- Daily change
- 30 sen stronger against the dollar
- WTI low
- In the low $87 range per barrel, briefly
- US employment report
- October report due Nov. 6
What people are saying
The strong view that the Federal Reserve will raise interest rates in December is supporting dollar buying.