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 USD/JPY originally fell during Friday's trading session, but if there is still a lot of erratic behavior, it has turned around versus the Japanese yen.
The USD/JPY experienced a slight decline during Thursday's trading session, indicating a stretched market.
The US dollar increased its gains against all other major currencies and continued to break stronger bullish levels
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The USD/JPY experienced a slight rally during Wednesday's trading session, continuing its upward trajectory due to persistent upward pressure.
The USD/JPY exhibited an initial surge during the Tuesday trading session but subsequently relinquished its gains, displaying signs of hesitation.
The recovery of the Japanese yen from its lowest levels in several months against the US dollar did not last long after new threats to intervene in the forex currency market.
The leadership of the Bank of Japan emphasized the need to nurture economic growth through stimulus policies due to a wide range of uncertainties.
The US dollar staged a modest rally against the Yen as the Bank of Japan remained relatively passive overnight.
During Thursday's trading session, the USD/JPY exhibited noticeable volatility.
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The continued tightening of the US Federal Reserve Bank's policy helped the bulls push the USD/JPY currency pair towards stronger upward levels.
The US dollar encountered a mixed bag of market movements during Wednesday's trading session, with investors eagerly awaiting the outcomes of the Federal Open Market Committee (FOMC) meeting.
The continued discrepancy between the US Central Bank’s strict policy and the Bank of Japan will continue to support the upward trend of the US dollar against the Japanese yen (USD/JPY).
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The recent trading session between the US dollar and the Japanese yen has been relatively subdued due to Japan observing a temporary holiday.
For the third week in a row, the price of the USD/JPY currency pair stabilizes around its highest level in ten months
This week, the dollar/yen pair will be watched closely with the announcement of the policies of both the US Federal Reserve Bank and the Japanese Central Bank.