USD/JPY faces 160 ceiling as December rate hikes threaten carry trades: Nov 5, 2026
The yen has recovered from a three-week low as a broadly weaker U.S. dollar and hawkish Bank of Japan minutes put it on the front foot, with intervention risks also in focus. It had earlier struggled amid elevated oil prices and wide rate differentials, leaving USD/JPY facing a 160 ceiling as December rate hikes threaten yen carry trades.
Updated
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Headlines (9)
First seen on November 5
- BoJ Minutes: Members agree it was suitable for bank to keep increasing policy interest rateFXStreet
- Japanese Yen remains on the front foot vs weak USD after hawkish BoJ MinutesFXStreet
Carried over from earlier days
- Japanese Yen consolidates vs recovering USD as intervention risks help limit lossesFXStreet
- Major central banks signal December tightening amid persistent inflationaa.com.tr
- 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
- 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
- Japanese Yen underperforms peers despite post-election US Dollar sell-offFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 5 | ||
| Final Manufacturing PMI | JPY | |
| 10-y Bond Auction | JPY | |
| Challenger Job Cuts y/y | USD | |
| Unemployment Claims | 197K | USD |
| Prelim Unit Labor Costs q/q | 0.3% | USD |
| Prelim Nonfarm Productivity q/q | 2.8% | USD |
| FOMC Member Hammack Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |