USD/JPY faces 160 ceiling as December rate hikes threaten carry trades: Nov 4, 2026
The yen recovered from a three-week low and then consolidated as intervention risks helped limit losses against a recovering U.S. dollar after a post-election reversal. Elevated oil prices and wide rate differentials remain in focus, with UBS pointing to still-negative Japanese real rates as support for USD/JPY. Attention is also on a 160 ceiling for USD/JPY as December rate hikes threaten yen carry trades.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the USD/JPY page.
Headlines (11)
First seen on November 4
- Japanese Yen recovers from three-week low as intervention risks meet broadly weaker USDFXStreet
- Japanese Yen trims gains as US Dollar recover from the post-election reversalFXStreet
Carried over from earlier days
- Japanese Yen weakens amid less hawkish BoJ as bears shrug off fresh intervention warningFXStreet
- USD/JPY Price Forecast: Japanese Yen underperforms despite multiple tailwindsFXStreet
- CFTC Report: Oil and Gold flows turn defensive while Yen longs rebuildFXStreet
- Yen Poised to Strengthen as BoJ Tightening Looms. Forecast as of 02.11.2026LiteFinance
- Still-negative Japanese real rates should continue to support USD/JPY: UBSInvesting.com
- Yen loses ground to the Dollar despite US-Iran deal hopesFXStreet
- Japanese Yen consolidates vs recovering USD as intervention risks help limit lossesFXStreet
- Japanese Yen struggles amid elevated Oil prices and wide rate differentialsFXStreet
- USD/JPY Faces a 160 Ceiling as December Rate Hikes Threaten Yen Carry TradesInvesting.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 4 | ||
| ADP Non-Farm Employment Change | 67K | USD |
| Trade Balance | -107.9B | USD |
| Final Services PMI | 57.9 | USD |
| ISM Services PMI | 54.8 | USD |
| Crude Oil Inventories | -1.7M | USD |
| Monetary Policy Meeting Minutes | JPY | |
| Thursday, November 5 | ||
| Final Manufacturing PMI | JPY | |
| 10-y Bond Auction | JPY | |