The US dollar continues to go back and forth against the Japanese yen, hanging around the ¥107 level.
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 has pulled back against the Japanese yen as the 50 day EMA has offered enough technical resistance to turn the market around.
After the markets absorbed the US jobs numbers for April, which were announced last Friday, the markets will monitor the reaction from the announcement of inflation figures
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The US dollar rallied rather significantly during the trading session on Monday, slamming into the 50 day EMA.
After Japan implemented an unprecedented ¥117.1 trillion stimuli in response to the Covid-19 pandemic, the Abe government is considering additional steps
The US dollar has broken higher during the trading session on Friday, as the jobs number was not quite as horrific as once thought.
The US dollar has initially rally during the trading session on Thursday before pulling back from the highs after the Fed Fund Rate Futures for December 2020 went negative.
The US dollar has broken through significant support that has been in effect for the last several days, and now is threatening the ¥106 level.
The US dollar initially tried to rally during the trading session on Tuesday but as you can see broke down rather significantly,
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The US dollar initially tried to rally during the trading session on Monday but found a significant amount of resistance near the ¥107 level.
The USD/JPY losses increased pushing it to the 106.35 support, the lowest level of in nearly a month and a half.
The US dollar continues to dance around the ¥107 level, as we have dipped a below there and now it looks like we are going to continue to see negative pressure applied to this currency pair.
Although the US dollar made an impressive turnaround during the trading session on Thursday, it is telling that the entire top of the candlestick gave back the gains late in the day
The US dollar fell during the trading session on Wednesday, but as you can see struggles to maintain any type of serious trend.
The recent downward trajectory pushed the USD/JPY towards the 106.55 support, its lowest in more than a month, before returning to stability around the 106.85 level