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 currency pair had a new bearish trading week in terms of performance, as it moved towards the 138.05 support level, which is an important support area in the path of the currency pair.
After the recent upward rebound attempts of the USD/JPY currency pair, reaching the resistance level of 142.25, the selling of the US dollar was renewed ahead of the American holiday
Amidst the bullish momentum enjoyed by the performance of the USD/JPY currency pair, the pair is awaiting important and influential US economic data.
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Since the start of trading this week, the price of the USD/JPY currency pair is in an upward retracement mode, breaching the psychological resistance 140.00
Throughout last week's trading, the price of the USD/JPY currency pair attempted an upward rebound.
For the fourth day in a row, the bears fail to push the USD/JPY currency pair below the support level of 137.67.
The USD/JPY has drifted a bit lower during the trading session yet again on Tuesday, as we continue to hang around just below the ¥140 level.
For the second day in a row, the price of the USD/JPY currency pair is trying to rebound higher.
The USD/JPY bounced a bit during the trading session on Monday, gaining over 1% as the bloodbath against the yen seems to be abating.
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The USD/JPY has fallen rather hard during trading on Thursday to reach down to the ¥142 level after the CPI figures coming out of the United States were 0.4% month over a month instead of the 0.6% expected.
Before the announcement of important US inflation figures, the price of the US dollar against the Japanese yen is trying to recover from its recent losses.
The US dollar has continued to sell off since the US job numbers were announced at the end of last week.
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Sign up to get the latest market updates and free signals directly to your inbox.Since the start of this week's trading, the price of the USD/JPY currency pair is settling lower around the support level 146.08 amid selling operations.
At the end of last week's trading, the US dollar fell against the rest of the other major currencies.
The US dollar strengthened in the hours following another big US interest rate hike and a clear message from Bank Governor Jerome Powell that further hikes were necessary to bring down inflation.