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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With the start of trading in the US inflation week, the price of the US dollar against the Japanese yen “USD/JPY” stabilizes around last week’s gains of 155.90 at the time of writing the analysis.
The US dollar initially pulled back just a bit during the trading session on Friday, only to turn around and show signs of strength.
The US dollar has gone back and forth during the course of the trading session against the Japanese yen on Thursday, as we have seen the weekly Unemployment Claims in the United States surprise to the upside.
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The yen's collapse resumed this week as concerns about the country's economy and interventions continued.
According to today's Wednesday trading, the value of the Japanese yen has fallen to over 155 yen against the US dollar, giving up about half of the gains it made last week.
The US dollar rallied a bit during the trading session on Tuesday but has run into a little bit of noise just below the ¥155 level.
The Japanese yen has once again weakened past 154 yen to the dollar, giving up last week's gains even after top currency diplomat Masato Kanda said the government is ready to combat disorderly and speculative forex moves.
The dollar yen has recovered quite nicely during the Monday session, and we did start to see US dollar buying late on Friday as we approached the crucial 152 yen level.
The Japanese yen was in the spotlight last week as concerns about its future continued.
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The US dollar has fallen rather significantly during the course of the trading session on Friday as we continue to see a massive correction.
It seems that this week has been the most action-packed for the Japanese yen in the forex market since the start of trading this week.
According to yesterday's trading, the Japanese yen failed to maintain its upward rebound against the US dollar and trimmed some of its sharp gains at the beginning of the trading week.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar has rallied a bit during the early hours on Tuesday as we continue to see a lot of noisy behavior.
Currency traders are warning that the Japanese government may need to repeatedly act to support the beleaguered yen as economic forces are likely to continue to weigh on its value.
Japanese yen has fallen sharply against the dollar, prompting speculation among traders about when the authorities might start buying the currency to support it