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 pulled back a bit against the Japanese yen during the trading session on Tuesday, as the ¥109.50 level has been a bit too much to overcome.
Japan unveiled a record-breaking ¥108 trillion economic stimuli, equivalent of 20% of GDP.
The US dollar has rallied a bit against the Japanese yen, breaking significantly above the resistance that we had seen over the last couple of days.
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The US dollar rallied a bit against the Japanese yen during the trading session on Friday, despite the fact that the jobs number in America was absolutely miserable.
The US dollar has rallied against the Japanese yen during the trading session on Thursday, breaking much higher after getting horrific initial jobless claims.
The US dollar initially tried to rally against the Japanese yen during trading on Wednesday, as we have fallen towards the ¥107 level.
The US dollar has initially tried to rally during the trading session on Tuesday but gave back a huge amount of gains
The US dollar was all over the place during trading on Monday as traders are trying to figure out what to do next.
The US dollar has broken down rather significantly during the trading session on Friday, reaching down below the ¥108 level.
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The US dollar has been all over the place during the month of March, as traders are trying to figure out what to do about global growth and global risk appetite.
The Japanese yen strengthened significantly against the US dollar on Thursday, after seeing several hammers print in a row reaching towards the upside.
The US dollar continues to bounce around just below the ¥112 level, an area that seems to be a bit of a brick wall.
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The US dollar pulled back a bit initially during the trading session on Monday but found enough support near the ¥109.50 level to turn around and rally again.
With the global liquidity rush pressuring the US Dollar higher across the board, it created a distorted image in the Forex market.