The US dollar has gone back and forth during the course of the trading session here on Tuesday as we are hanging around the 200 Day EMA, but perhaps more importantly, we find ourselves in the middle of an overall consolidation range that has been like a pair of brick walls since the beginning of August.
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 initially rallied a bit during the early hour here on Monday, but you can see we have struggled a bit. And at this point in time, this looks like a market that's hanging around the 200 day EMA, which of course is an indicator that a lot of people use to determine the overall trend. And it's worth noting that the 200 day EMA right now, it's flat.
The US dollar extended gains against the yen on Thursday, consolidating between 146–149 as traders await the BoJ’s decision that could trigger a breakout or sharp reversal.
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The US dollar drifts slightly lower against the yen, with USD/JPY stuck between 146.50 support and 149 resistance ahead of the Fed’s key rate decision.
The US dollar edges higher against the yen, testing the 200-day EMA as markets await the Fed decision to see if USD/JPY can break above ¥149.
USD/JPY remains rangebound near 146.50 with bullish bias intact, supported by interest rate differentials and anticipation of Thursday’s US CPI release.
USD/JPY bounced back above the 50-day EMA after testing ¥146.50, with the pair likely to stay choppy until the Fed’s September 17 meeting.
USD/JPY slipped on Monday but remains range-bound between 146.50 support and 148.50 resistance as traders await Fed and BoJ signals.
USD/JPY pushes higher toward 148.5 resistance, with bulls supported by rate differentials, but upcoming US jobs data may shape the next big move.
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The USD/JPY bounced from 147 support and the 50-day EMA, with the pair ranging between 147–149 and a breakout targeting 151 yen in the near term.
USD/JPY rebounded from the 50-Day EMA, with traders eyeing 149 as key resistance and 146 as critical support in the coming sessions.
The US dollar tumbled against the yen after Powell’s dovish speech, with traders eyeing ¥146 support and ¥149 resistance as volatility stays high.
The US dollar holds steady against the yen near major moving averages, with traders eyeing 148 resistance and 146 support ahead of Jackson Hole.
The US dollar is consolidating between major moving averages against the yen, with traders watching for a breakout above 148 or a slide below 145.
USD/JPY remains supported by a wide interest rate differential and hot US PPI data, with a breakout above 148 potentially paving the way toward 151.