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 US dollar rallied a bit on Wednesday before giving back the upper range of gains for the day.
Despite the state of risk aversion that dominates the markets with the continuation of the Russian war, the USD/JPY currency pair took a strong and sharp upward path and all currencies moved against the Japanese yen.
More hawkish hints of the future policy of the US Federal Reserve were a determining factor for further gains of the US dollar against other major currencies.
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The USD/JPY has continued to push higher as financial institutions react to hawkish rhetoric from the U.S Federal Reserve.
The Japanese yen collapsed a lot against the rest of the major currencies and against the US dollar, with losses that pushed the price of the US dollar pair against the Japanese yen USD/JPY
The US dollar rallied again against the Japanese yen to reach the ¥119 level.
The solid bullish trend in the USD/JPY has continued to produce gains.
A crucial moment for the gains of the US dollar pairs today, as the US Central Bank will announce a widely expected decision, which is to raise US interest rates for the first time in 2018.
For three trading sessions in a row, the price of the USD/JPY currency pair is moving amid important and sharp bullish breaches with gains to the 118.45 resistance level
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The US dollar rallied again on Monday to reach the crucial ¥118 level
Last Friday's trading session was the most prominent in the bulls' dominance over the direction of the USD/JPY currency pair, as the currency pair jumped from the 116.06 level to the 117.35 resistance level,
For three trading sessions in a row, the price of the USD/JPY currency pair is moving in an ascending path, as a result of which it achieved a move towards the 115.95 resistance level
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Sign up to get the latest market updates and free signals directly to your inbox.For three trading sessions in a row, the exchange rate of the US dollar against the Japanese yen is moving in an upward correction range with gains that reached the resistance level 115.92.
The price of the USD/JPY currency pair attempted to recover, stable around the 115.47 resistance level.
Investors' flight from risk has increased in light of the prolonged and expanding scope of Russia's military operations, adding to market fears.