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.
Most Recent
After profit-taking sales, the USD/JPY currency pair was exposed to it by the end of the week, because of which it reached the support level 141.50.
The USD/JPY had a rocky session during trading on Monday, as we initially shot higher, but then gave back quite a bit of the gain.
Despite the recent profit-taking sale of the USD/JPY currency pair, it is seen as healthy and normal after the currency pair's gains to its highest in 24 years.
Top Forex Brokers
The USD/JPY has pulled back a bit during the trading session on Friday to show signs of hesitation against the Japanese yen.
The continued strength of the US dollar, supported by the expectations of a strong US interest rate hike in the coming months was enough to push the USD/JPY currency pair to move towards the 145.00 resistance level, its highest in 24 years.
The USD/JPY has rallied significantly to reach the ¥145 level during the trading session on Wednesday but gave back the gain as we continue to see a lot of volatility and perhaps noise.
The sharp decline in the price of the Japanese yen continues amid the complete abandonment of officials in Japan from intervening so far to stop the collapse and leads the USD/JPY to a sharp rise.
The USD/JPY has shot straight up in the air during the trading session yet again on Tuesday, as we are threatening ¥143 at the end of the day.
The bulls controlled the direction of the USD/JPY currency pair, the strongest with the highest gains for the currency pair in 24 years.
Bonuses & Promotions
The USD/JPY rallied a bit during the trading session on Monday, but you should keep in the back of your mind that it was Labor Day in the United States, and a certain amount of liquidity was probably missing from the Forex markets.
Last week's trading was important for the bulls to gain more control over the general trend of the USD/JPY currency pair.
The USD/JPY has rallied significantly during trading on Thursday as we wait for the Non-Farm Payroll number on Friday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Throughout this important week’s trading, the USD/JPY currency pair is settling around and above the 139.00 resistance.
The US dollar fell slightly during the trading session on Wednesday but continues to levitate against the Japanese yen.
The price of the USD/JPY currency pair is still maintaining its bullish momentum until the US job numbers are announced at the end of the week.