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 price of the USD/JPY currency pair moved at the beginning of the new week's trading with upward gains to the resistance area 115.43 and settled around the 115.06 level at the time of writing the analysis.
In the last two trading sessions of last week, the price of the USD/JPY currency pair moved higher with gains to the level of 115.43 before closing trading stable around the level of 115.18.
For four consecutive trading sessions, profit-taking continues for the USD/JPY currency pair, which is possible until the US job numbers are announced at the end of the week.
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Since the start of trading this week, the price of USD/JPY has been subjected to profit-taking after the storm of support for the dollar passed by the US Federal Reserve.
For three trading sessions in a row, the price of the USD/JPY currency pair is exposed to selling operations that seem to take profits
Expectations of US interest rate hikes are still providing more strength to the US dollar against the other major currencies.
Despite the US Federal Reserve's indications yesterday that it is determined to raise US interest rates starting next March
The recent sale of the US dollar against the Japanese yen (USD/JPY) stopped at the 113.46 support level, the lowest in a month.
At the end of last week’s trading, the price of the USD/JPY currency pair moved amid bearish momentum, which subsequently moved towards the 113.46 support level
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USD/JPY price did not do much by testing the psychological resistance 115.00 at the beginning of last week’s trading, as the Japanese yen returned to reap the gains.
The Japanese yen remained outperforming among the major currencies in the middle of this week’s trading.
After three consecutive trading sessions during which the USD/JPY price attempted to recover, the pace of gains stopped around the 115.05 resistance level.
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Sign up to get the latest market updates and free signals directly to your inbox.For the third day in a row, the price of the USD/JPY is back to a bullish rebound, after it tested its impact in early trading today.
For eight trading sessions in a row, the price of the US dollar against the Japanese yen (USD/JPY) currency pair moved with downward momentum in light of profit-taking operations.
The US dollar lost much of its value heading into the midweek session after hawkish comments from Federal Reserve officials (Fed) followed by a flurry of profit taking that weighed on US exchange rates ahead of the December inflation data.