Continuing factors of the strength of the US dollar brought the price of the US dollar against the Japanese yen quickly back to the vicinity of levels.
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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Last week’s intervention by the Bank of Japan to ‘protect’ the Japanese Yen worked wonders.
The US dollar has rallied on Friday as we continue the recovery from the ¥140 level.
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The USD/JPY has been all over the place during trading on Thursday, as the Bank of Japan jumped into the market and intervene.
After a period of stability for several trading sessions, I expected that the performance would remain so until the markets and investors react to the US Federal Reserve's announcement
The bullish stability is still the most prominent performance of the price of the US dollar against the Japanese yen.
The US dollar continues to find buyers on dips against the Japanese Yen.
Despite the recent profit-taking sell-off, the USD/JPY currency pair remained within the ascending channel range.
The US dollar has rallied ever so slightly during the trading session on Thursday as we continue to attempt to build momentum in the USD/JPY pair.
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Today, the markets will be watched with the latest important and influential US economic data for this week.
The USD/JPY has fallen a bit, pulling back from the ¥145 level.
Yesterday's trading session was the most important for the bulls to gain more control over the direction of the USD/JPY currency pair.
The USD/JPY rallied during the trading session on Tuesday as we initially pulled back, only to see the CPI number come out much hotter than anticipated.
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.