Business · Markets · 4 hrs ago
Yen falls to the low 158s against the dollar
The yen weakened against the dollar in early trading in Tokyo on Nov.
5, reaching 158.39 to 158.40 yen per dollar at 8:30 a.m.
It also fell against the euro, trading at 177.92 to 177.95 yen per euro.
The move followed US midterm elections in which Democrats were set to win majorities in both chambers of Congress.
President Donald Trump said he would accept the result, easing concerns about political turmoil in the United States.
A sharp rise in US stocks helped improve investor confidence and led traders to sell yen and buy dollars.
Lower oil prices supported the yen, as they eased concerns that expensive energy would worsen Japan’s trade balance.
The yen’s next direction will depend in part on how investor confidence and oil prices develop.
The yen weakened to 158.39–158.40 per dollar in early Tokyo trading on November 5.
That was 32 sen weaker against the dollar than at 5 p.m. the previous day.
Improved investor sentiment after the US midterm elections prompted yen selling and dollar buying.
The yen also fell against the euro, while lower oil prices helped limit its decline.
- Who
- The yen weakened against the US dollar and the euro.
- What
- It traded at 158.39–158.40 yen per dollar at 8:30 a.m. in Tokyo.
- When
- November 5, 2026, at 8:30 a.m. Tokyo time.
- Where
- The Tokyo foreign exchange market.
- Why
- Improved investor sentiment after the US midterm election results prompted yen selling and dollar buying. Lower oil prices supported the yen by easing concern about Japan’s trade balance.
This story does not have two clearly opposing sides.
The US midterm elections took place, and Trump said he would accept the results.
US stocks rebounded sharply, while US oil futures fell to their lowest level in about a month.
The yen traded at 158.39–158.40 per dollar in early Tokyo trading.
- Dollar exchange rate
- 158.39–158.40 yen per dollar
- Change from previous day
- Yen weakened by 32 sen against the dollar
- Euro exchange rate
- 177.92–177.95 yen per euro
- Election outcome
- Democrats were set to win majorities in both chambers of Congress
- Market time
- November 5, 8:30 a.m. in Tokyo
What people are saying
accept