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 has rallied a bit during the trading session on Tuesday, slaving into the ¥110 level, an area that has been resistance more than once.
The USD is on an important date today, with Federal Reserve Governor Jerome Powell testifying before the special Congressional committee clarifying the economic performance
The US dollar went back and forth during trading on Monday as we continue to see a lot of indecision’s when it comes to the USD/JPY pair.
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The US dollar fell during a large portion of the trading session on Friday, as the ¥110 level has offered a significant barrier of resistance recently.
The US dollar has pulled back slightly during the trading session on Thursday but has found enough support to continue going higher.
The US dollar has rallied again during trading on Wednesday, as it looks like we are trying to take out the ¥110 level.
The US dollar has rallied again during the trading session on Tuesday, breaking well above the 50 day EMA in what has been a major “risk on” type of situation
The US dollar has bounced a bit during the trading session on Monday to open up the week, using the 200 day EMA and the uptrend line to offer support.
The US dollar has broken down significantly during the trading session on Friday as stock markets got hit on the way out the door.
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With the rise in confirmed cases as well as a growing death toll in the coronavirus, crippling the global supply chain, safe-haven assets like the Japanese Yen are in demand.
The US dollar has pulled back a bit against the Japanese yen during the trading session on Thursday, reaching towards the ¥108.50 level.
The US dollar has gapped lower to kick off the week as fears about the coronavirus in the Chinese mainland continue to have people running for cover.
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The US dollar tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to form a less than impressive candlestick.
The US dollar has broken down significantly during the trading session on Tuesday, grinding below the ¥110 level later in the day.