The US dollar experienced sharp volatility against the yen due to strong US jobs data, but long-term trends point to sustained dollar strength.
The most active trading sessions for the USD/JPY take place in Tokyo, London and New York. Day traders look mostly to the London and New York sessions but those trading wishing to trade on the Asian markets can do so between 2400 GMT - 0900 GMT.
USD/JPY has traditionally been the most politically sensitive currency pair, with successive U.S. governments using the exchange rate as a lever in trade negotiations with Japan. For day-to-day trading, the most significant feature of USD/JPY is the heavy influence exerted by Japanese institutional investors and asset managers.
The USD/JPY has recently dipped below 101.00. Read the Daily Forex USD to Japanese Yen forecast and get access to the most up-to-date statistics, analyses and economic events regarding the USD/JPY.
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The US dollar maintains bullish momentum against the yen, driven by rate differentials, with 158 yen as key support and 159 yen resistance in focus.
USD/JPY nears 160.00, raising concerns of Japanese intervention to prevent further yen decline.
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The US dollar has rallied again during the trading session on Wednesday, as the Japanese yen has finally given away to the ¥158 level and the pressures being brought upon it.
The US dollar gains strength against the Japanese yen, fueled by rising US yields and BOJ policy limits, with potential to break above 158.50 and beyond.
USD/JPY consolidates near ¥158 resistance, with a potential breakout targeting ¥162 as interest rate differentials and key economic data shape market direction.
USD/JPY consolidates near 158 resistance, signaling a potential breakout toward 160 and higher as bullish momentum and dollar strength dominate.
USD/JPY consolidates below 158 resistance, with buyers favoring dips as bullish momentum targets 160 and upcoming U.S. jobs data drives market direction.
In my daily analysis of major currency pairs, the USD/JPY pair is one that I always check right away, because it gives me a bit of a “heads up” as to how the US dollar is behaving overall.
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USD/JPY continues its bullish trend, eyeing the 160.00 resistance as U.S. dollar strength dominates amid cautious BoJ and Fed policies.
USD/JPY maintains a bullish flag pattern, with resistance at 160.00 as investors monitor Bank of Japan policies and potential intervention in currency markets.
USD/JPY retreats from 158 resistance, with thin holiday trading offering pullback opportunities, while long-term momentum favors eventual upside breakout.
USD/JPY remains bullish near 157.20, with traders targeting 160.00 as yen weakness deepens due to BoJ caution and US dollar momentum.
The US dollar strengthens against the yen, poised to break ¥158 and target ¥162, driven by high US yields and persistent yen weakness.
The US dollar initially did try to rally during the trading session on Friday, but gave back the gains rather rapidly as the US dollar is certainly overbought at this point.