The US jobs numbers are still negatively affecting the performance of the US dollar against the rest of the other major currencies.
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 two weeks of correcting upwards, the USD/JPY's gains were capped by a move towards the 109.70 resistance, the highest in a month.
After a recent upward correction, the USD/JPY's gains stopped at the 109.70 resistance level and returned to settle around 109.15 as of this writing.
Top Forex Brokers
The 110.00 psychological peak remains a crucial target for bull to continue the USD/JPY's recent upward correction.
The USD/JPY’s retracement gains this week pushed the pair towards the 109.69 resistance before settling around 109.45 as of this writing.
The bulls dominated the performance of the USD/JPY to some extent, with gains that pushed the pair to the 109.34 resistance level, where it closed the week’s trading.
The USD/JPY is trading near key short-term resistance levels as the Forex pair continues to trade below the strongest peaks of its mid-term bullish trend.
After an upward correction had the USD/JPY pair testing the 109.07 resistance level, it quickly retreated to the 108.55 support level as of this writing.
The USD/JPY made bullish moves prior to the US Federal Reserve’s announcement of its monetary policy decisions and the growth rate of the US economy.
Bonuses & Promotions
The USD/JPY is trying to compensate for its recent sharp losses that pushed it towards the 107.47 support level, a near-2-month low, by stabilizing around 108.35 as of this writing.
In flagrant disregard for positive US economic data, the USD/JPY sold off, which pushed the pair towards the 107.47 support level, a near 2-month low.
The USD/JPY's bearish performance was strengthened after it breached the 108.00 psychological support level, with losses to the 107.88 support level, before stabilizing around 108.05 as of this writing.
The USD/JPY's continued bearish performance pushed it towards the 107.87 support, a near 2-month high, before settling around the 108.25 level as of this writing.
The USD/JPY hit a new low as it retreated to the 107.97 support level today, the lowest for the currency pair in over a month-and-a-half.
The USD/JPY pair had a bearish start to the week as it fell towards the 108.61 support before closing trading around 108.80.