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 Japanese yen's gains continued to weaken on Tuesday as uncertainty surrounding the future of the Bank of Japan's policy pushed the USD/JPY pair down to 153.28.
At the end of last week's trading, the USD/JPY was subjected to selling, starting from the resistance level of 156.75, the highest for the currency pair in three months, with losses extending to the level of 153.86.
Dear my daily analysis of the yen related pairs, it’s worth noting that the euro initially did try to rally, but then it plunged.
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The US dollar initially rallied a bit during the course of the trading session on Thursday as we reached the 156 level and peaked above there but have since pulled back ever so slightly.
In today's Thursday trading, the Japanese yen plummeted to its lowest level in four months against the US dollar, with losses extending to the 156.13 level.
As you can see, the US dollar has rallied again against the Japanese yen as we continue to see a lot of upward pressure in general.
A shift in the Bank of Japan's policy has tempered market expectations for further monetary tightening.
The Japanese yen has fallen below 154.60 yen against the US dollar, reaching a 14-week low.
The USD/JPY traded at a high early this morning not seen since the end of July, a collision of nervous sentiment and risk events has led to the bullish climb in the currency pair, today there is the Fed.
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Amid performance fluctuations and selling pressure, the USD/JPY pair is trading around 151.35 at the time of analysis. Overall, the pair is expected to take cues from the U.S. presidential election outcome.
Amid a neutral stance with a bullish bias, the USD/JPY currency pair may be influenced by signals from the US elections and the FOMC decision this week.
The Japanese yen traded around 153.30 yen against the US dollar on Tuesday, hovering near its three-month low and remaining under pressure from political uncertainty after Japan's ruling coalition lost its parliamentary majority in weekend elections.
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The USD/JPY exchange rate declined amid a broader weakening of the US dollar and increased talk of intervention in the forex market by Japanese authorities.
The Japanese yen fell below 153 yen against the US dollar on Wednesday, hitting its lowest level in nearly three months.
The Japanese Yen depreciated to 152.25 yen against the US dollar on Wednesday, reaching its lowest level in nearly three months and breaching the psychological barrier of 150 yen against the US dollar.