{
  "id": 18091328,
  "title": "Japanese Yen trims gains as US Dollar recover from the post-election reversal",
  "url": "https://urgent.news/2026/11/04/japanese-yen-trims-gains-as-us-dollar-recover-from-the-post-election",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T07:38:19.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-trims-gains-as-us-dollar-recover-from-the-post-election-reversal-202611040738"
  },
  "original_language": "en",
  "account": "Japanese Yen experiences a slight decline as US Dollar bounces back following Democratic victory in US midterm elections. USD/JPY trades near 158.15 following a bounce from session lows at 157.39, yet remains below the intraday high of 158.75. Investors abandoned the US Dollar across the board during Wednesday's Asian session in response to the Democrats' control of Congress and Senate, seen as a harsh critique of President Donald Trump's policies. Expectations of regulation in AI sector and a slowdown in data center construction have prompted investors to seek refuge in US government bonds, driving yields and the US Dollar lower and bolstering traditional safe-havens like the Japanese Yen and Swiss Franc. However, the US Dollar's resilience is backed by robust fundamentals, likely limiting downward movements. Later, the focus will shift to US ADP Employment Change Report, expected to indicate a moderate slowdown in October employment growth, while the ISM Services PMI is anticipated to reflect robust business activity. Meanwhile, the Middle East conflict remains uncertain despite negotiations, keeping Brent Oil above $100. Reports of a possible US strike on Iranian targets before elections have kept the possibility of further strikes alive, potentially driving Oil prices higher and reinstating the US Dollar's safe-haven status. US midterm elections, held halfway through a president's term, involve selecting all House of Representatives members, one-third of Senate, and state officials in many states. The outcome could influence the legislative agenda, committee leadership, and confirmations in the Senate. Historically, US stocks perform well after midterms, with the S&P 500 gaining about 15% 12 months post-election. Analysts believe the pattern is due to uncertainty subsiding once results are known. However, over six to twelve months, growth and Federal Reserve policy hold more significance than the vote. US stocks tend to underperform before midterms and outperform afterward. Recent performance does not guarantee future returns, and high valuations in 2026 might challenge the streak. Political frictions, such as funding or debt-ceiling standoffs, can briefly boost the Dollar as a safe haven.",
  "summary": "The Japanese Yen (JPY ) holds moderate gains against the US Dollar (USD) on Wednesday, but it has given back almost half of the ground taken following news of a sound Democratic victory in the US midterm elections.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Dollar dips with US midterm results in focus",
        "url": "https://urgent.news/2026/11/04/dollar-dips-with-us-midterm-results-in-focus",
        "published": "2026-11-04T02:09:00.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar dips with US midterm results in focus",
        "url": "https://urgent.news/2026/11/04/dollar-dips-with-us-midterm-results-in-focus-18058738",
        "published": "2026-11-04T02:12:40.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar dips with US midterm results in focus",
        "url": "https://urgent.news/2026/11/04/dollar-dips-with-us-midterm-results-in-focus-18065569",
        "published": "2026-11-04T03:03:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}