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 fell a bit during the trading session on Friday, reaching down below the ¥105.50 level.
The US dollar has fallen a bit during trading on Thursday a bit of a “risk off” type of situation.
On the USD / JPY daily chart below, it seems clear that the price of the pair is exposed to test new support levels in the event of moving around and below the 105 psychological support, the lowest in seven months.
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The US dollar has gone back and forth during the trading session on Wednesday, as we continue to see a lot of volatility in this pair.
Investors continue to buy safe havens amid increasing global trade and geopolitical tensions, which will favor continued downward pressure on USD / JPY.
The US dollar has had a very erratic trading session against the Japanese yen during the trading session on Tuesday, initially falling as the United States labeled the Chinese “currency manipulators”, which sent the Asian session on fire.
The recent violent bearish correction pushed the USD / JPY pair to move towards the 105.51 support level in early trading on Tuesday, its lowest level in seven months
The US dollar got hammered during the trading session on Monday, as we had a major “risk off” move in both Forex markets and of course the equity markets.
Over the course of three trading sessions, the USD/JPY pair has lost ground and its losses have reached its 105.78 support, the lowest in seven months.
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The US dollar initially tried to rally against the Japanese yen during trading on Friday but then fell apart as we have broken through the ¥107 level.
The US dollar has pulled back significantly after initially trying to rally during the Thursday session.
The US Federal Reserve, as expected, announced cutting US interest rates for the first time in 10 years by a quarter point,
The US dollar has rallied a bit during the trading session on Wednesday, as the Federal Reserve of course has gotten very much in the spotlight due to the fact that the interest rate announcement had come out.
The price of the USD/JPY pair appears to be silent for four sessions in a row moving in a limited range awaiting the breaking point as the Federal Reserve announces its monetary policy.
The US dollar/Japanese yen pair is extraordinarily sensitive to the Federal Reserve and of course interest rate announcement, just as any other major pair will be that features the US dollar, but in this case it has a bit of an inverse relationship at times.