During yesterday's session, the USD/JPY traded within a limited range that did not exceed 40 points.
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 rallied a bit during the trading session, reaching towards the ¥107.50 level.
Before the announcement of the Japanese central bank monetary policy today, the USD/JPY pair remained under downward pressure.
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The US dollar has gone back and forth during the trading session on Monday, as markets still have no idea what to do with themselves
After four straight bearish sessions for the USD/JPY last week, the pair collapsed to the 106.56 support, the lowest level for a month.
The US dollar has rallied nicely against the Japanese yen during the trading session on Friday.
The US dollar has fallen a bit during the trading session on Thursday, breaking below the ¥107 level.
The US dollar has broken below the ¥107.50 level to reach towards 107 yen level.
The US dollar has fallen pretty significantly during the trading session again on Tuesday, as we reached towards the ¥107.50 level.
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The Japanese yen has strengthened quite a bit against the US dollar during trading on Monday, as traders brought the pair back towards the 200 day EMA.
The US dollar has rallied significantly during the trading session on Friday, as it is a continuation towards the ¥110 level, which is a large, round, psychologically significant figure.
The US dollar has rallied a bit against the Japanese yen during the trading session on Thursday, breaking above the ¥109 level.
Besides risk appetite, there were better than expected results for the US economic figures, which motivated the USD/JPY in completing the bullish path
The US dollar rallied a bit after initially pulling back on Wednesday against the Japanese yen.
The US dollar has exploded to the upside during the trading session on Tuesday against the Japanese yen, slicing through the tight range that we have been in for some time.