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.
Most Recent
The US dollar has rallied significantly over the last couple of weeks but stalled a bit during the day on Friday as the ¥108 level seems to be a bit important at this point
The US dollar has initially pulled back during the trading session on Thursday, reaching down towards the bottom of the Wednesday session, before bouncing and breaking above the ¥108 level.
Investors continue to take risk appetite and the strengthening of the US currency amid recent optimism over the trade dispute between the US and China
Top Forex Brokers
The US dollar rallied again during the trading session on Wednesday, reaching towards the ¥108 level.
The Japanese Yen, a safe haven asset, has been under selling pressure over the past two trading weeks as forex traders started to rotate out of risk-off assets.
Ahead of the release of the first inflation indicators in the United States, the price of the USD / JPY is stabilizing bullishly around the 107.84 resistance level at the time of writing, its highest in five weeks.
In the United States, there is a long running joke when the stock market suddenly rally based upon liquidity that “everything is awesome”, which is a reference to the song out of the Lego movie.
For the fifth day in a row, USD / JPY continues the upward correction with gains reaching the 107.50 resistance level recorded at the time of writing, the highest in a month.
The US dollar has rallied a bit during the trading session on Monday, as we are now clearly above the ¥107 level.
Bonuses & Promotions
Risk appetite has contributed to a bullish correction in USD / JPY to reach the 107.22 resistance level, which was hit a month ago, and started trading this week stabilizing around 106.82, pending new catalysts to complete the correction.
The US dollar has gone back and forth during the trading session on Friday against the Japanese yen as the jobs number came out slightly lower than anticipated.
The US dollar has rallied significantly during the trading session on Thursday, reaching above the 50 day EMA before pulling back a bit at the end of the New York session.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The US dollar has rallied slightly during the trading session on Wednesday but has stayed within the relatively tight range that we had been in for some time.
The US dollar has gone back and forth during the trading session on Tuesday as we continue to try to find some type of clarity when it comes to growth and the US/China trade situation.
The US dollar gapped lower to kick off the week, as traders were concerned about the United States and China adding more tariffs upon each other, so it makes quite a bit of sense that we haven’t been able to break out of the range that we have been in for some time.