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 pair went back and forth Tuesday in relatively quiet behavior.
For three trading sessions in a row, the price of the USD/JPY currency pair is moving amid a bearish momentum
The USD/JPY currency pair rallied a bit Monday as the Japanese yen recovery has stalled.
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Prior to the closing of last week’s trading, the price of the USD/JPY currency pair was exposed to profit-taking operations that pushed it towards the 135.56 support level on Friday.
The USD/JPY pair initially tried to rally Friday but then fell rather significantly.
The US dollar initially rallied during the training session on Thursday as we tried to rally a bit.
For five trading sessions in a row, the price of the USD/JPY currency pair is moving in narrow ranges between the level of 137.38 and the level of 138.55.
The USD/JPY currency pair did very little Wednesday as we continue to levitate at high levels.
In the midst of profit-taking after the recent record gains, the USD/JPY currency pair is moving downwards, rebounding from its 24-year high of 139.38 resistance.
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The USD/JPY currency pair initially fell Tuesday against the Japanese yen, but we have seen a turnaround as the Bank of Japan will continue to loosen monetary policy.
The US dollar pulled back a bit Monday to show signs of hesitation.
The USD/JPY has come off of highs made in the middle of last week, but the currency pair remains locked within the upper tier of its long term price range.
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Sign up to get the latest market updates and free signals directly to your inbox.We expected the price of the USD/JPY currency pair to move towards the 140.00 psychological resistance as soon as the bulls breached the 137.75 resistance level.
There is no doubt that the stronger US inflation figures increased the markets’ bets that the US Federal Reserve would be more aggressive in the coming months in the pace of raising US interest rates.
The US dollar rallied initially on Wednesday to make a fresh, new high.