Market Fundamental Analysis by RoboForex

[RBFX Support]

Elections revive demand for the yen as USDJPY reverses sharply lower

The USDJPY pair has retreated sharply from local highs amid dollar weakness and renewed demand for the Japanese yen as a safe-haven asset. The rate currently stands at 157.62. 

USDJPY forecast: key takeaways

• Political uncertainty in the US has boosted demand for the yen as a safe-haven asset and weighed on the dollar
• The Bank of Japan held its interest rate steady at 1.25%, but core inflation reaching the 2% target supports the possibility of another hike as early as December
• USDJPY forecast for 4 November 2026: 156.82

Fundamental analysis

The USDJPY rate approached 157.50 on Wednesday. Pressure on the pair intensified following a decline in the US dollar amid the first results of the US midterm elections and growing political uncertainty.

Demand for safe-haven assets is providing additional support for the yen. A sell-off in the technology sector and companies linked to artificial intelligence has heightened market caution.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited 23 hours ago by RBFX Support

[RBFX Support]

XAGUSD poised for a breakout as markets await the NFP report

Silver is making another attempt to recover ahead of US employment data, with prices currently standing at 52.50 USD. 

XAGUSD forecast: key takeaways

• Political developments in the US are supporting precious metals
• The Federal Reserve remains a potential source of pressure on silver
• In the coming days, particular attention will be focused on US labour market data (Nonfarm Payrolls)

Fundamental analysis

The XAGUSD price forecast for today, 5 November 2026, shows that silver is attempting to regain lost ground. Dollar weakness following the US midterm elections and falling US bond yields are renewing investors' interest in precious metals, but the outlook for industrial demand remains uncertain.

Political developments in the US are supporting precious metals. The Democrats' victory in the midterm elections has reduced some political uncertainty.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited 1 hour ago by RBFX Support