The US dollar broke down significantly heading into the jobs number as the Japanese yen safety currency came into play.
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 rallied slightly during the trading session on Wednesday as we may have gotten a little bit oversold.
The Federal Reserve has proven yet again that it works for Wall Street, and not the overall Main Street economy by giving Wall Street the 50 bps cut
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The US dollar has gapped lower against the Japanese yen on Monday, only to turn around and rally above the 200 day EMA before pulling back yet again.
The US dollar broke down significantly during the trading session on Friday as fear continues to be a major driver of markets.
Safe-haven demand continues to support the Japanese Yen, but the advance is exhausted following last week’s rout across the global financial system.
The US dollar has broken down significantly during the trading session on Thursday, slicing through the ¥110 level.
The US dollar bounced a bit during the trading session on Wednesday, as the ¥110 level continues offer a bit of support.
The US dollar got absolutely hammered during the trading session on Tuesday, as we continue to see a lot of trouble when it comes to the coronavirus and risk appetite.
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The US dollar initially gapped lower against the Japanese yen to kick off the week on Monday, as fears about the coronavirus continues to be a major driver of markets.
The US dollar has pulled back a bit against the Japanese yen during the trading session on Friday, as we reached the ¥112.30 level.
The US dollar has rallied a bit during the trading session yet again on Thursday against the Japanese yen.
The US dollar exploded to the upside during the trading session against the Japanese yen on Wednesday, clearing the ¥110 level quite handily, and making a fresh, new high.
The US dollar initially fell during the trading session on Tuesday but turned around to show signs of life again as the Americans came on board.
The greenback initially pulled back a bit during the trading session on Monday, but then turned around to reach towards the ¥110 level again.