Yen gives back gains as strong US payrolls lift dollar: Nov 7, 2026
The yen initially outperformed as a US tech rout and hawkish Bank of Japan minutes lifted demand, then gave back gains as the US dollar recovered. US October payrolls rose by 165,000 with unemployment steady at 4.1%, which headlines linked to the dollar's biggest daily gain in nearly five months and focus on a Federal Reserve rate rise in December.
Updated
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Headlines (8)
Carried over from earlier days
- Japanese Yen gives back gains as US Dollar recovers from election shockFXStreet
- Japanese Yen outperforms as US tech rout and hawkish BoJ minutes lift demandFXStreet
- Japanese Yen retreats from weekly high as USD steadies ahead of US NFP reportFXStreet
- Japanese Yen gives back gains on risk-off markets and with NFP on tapFXStreet
- Payroll employment rises by 165,000 in October; unemployment rate changes little at 4.1%bls.gov
- USD moves higher after the US jobs report. What levels are in play now?InvestingLive
- Blowout October payrolls data sets up Federal Reserve December rate riseFinancial Times
- US October Payrolls Rise by 165,000, Dollar Posts Biggest Daily Gain in Nearly Five Monthsgelonghui.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Saturday, November 7 | ||
| BOJ Gov Ueda Speaks | JPY | |
| Monday, November 9 | ||
| Leading Indicators | 116.7% | JPY |
| FOMC Member Bowman Speaks | USD | |
| FOMC Member Goolsbee Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Barkin Speaks | USD | |
| Household Spending y/y | -3.1% | JPY |
| BOJ Summary of Opinions | JPY | |