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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In the last two trading sessions for the past week, the price of the USD/JPY currency pair moved amid attempts to bounce back with gains towards the level of 138.17.
Throughout this week's trading, the price of the USD/JPY currency pair did not find any momentum to stop the downward retracement path.
The decline in US inflation figures, less than expected, contributed to pressure on the US dollar against the rest of the other major currencies.
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The USD/JPY rallied a bit during the trading session on Monday, as we continue to bounce from the 200-Day EMA.
Since the start of trading this week, the price of the USD/JPY currency pair moved towards upward levels
Bearish pressure remained in control of the performance of the USD/JPY currency pair during last week's trading.
The recent upward rebound attempts of the USD/JPY currency pair stopped at 137.85 yesterday.
The USD/JPY initially tried to rally during the trading session on Wednesday but pulled back a bit as we approached the ¥138 level.
Since the start of this week's trading, the price of the USD/JPY currency pair is in an upward retracement.
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The USD/JPY rallied a bit early during the trading session on Tuesday, but it looks like the giveback was rather quick as we have run out of momentum.
For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside, after strong and sharp selling to the currency pair.
The USD/JPY bounced a bit against the Japanese yen during the trading session on Monday, gaining over 1.5% by the time the Americans came on board.
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This is a strong bearish trading week for the performance of the USD/JPY currency pair.
For two days in a row, the price of the USD/JPY currency pair is moving amid an upward rebound with gains, towards the 139.90 resistance level.
Today’s trading session will be important for the performance of the price of the US dollar currency pair against the Japanese yen, USD/JPY