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 slightly during the trading session against the Japanese yen on Monday.
For the second week in a row, the price of the USD/JPY pair continues its bullish correction, and gains were crowned by moving towards the 110.28 resistance
While Japanese economic data continues to disappoint, the Japanese Yen may rally on the back of safe-haven demand amid a weaker than the priced-in global economy.
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The US dollar went back and forth during the trading session on Friday as we had broken above the ¥110 level, but still are simply sitting around
The US dollar has rallied quite nicely during the trading session on Thursday, breaking above the ¥110 level again.
For three consecutive trading sessions, the USD/JPY price is stable around the 110.00 psychological resistance in a wait-and-see mode until more momentum is obtained
The US dollar fell a bit during the trading session on Wednesday against the Japanese yen but has recovered a bit to turn around and show signs of life again.
The US dollar rallied a bit during the trading session on Tuesday but gave back most of the gains in order to pullback and form a bit of a shooting star.
The US dollar has rallied slightly during the trading session on Friday, but the jobs report out the United States was a bit lower than anticipated.
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The US dollar has been all over the place against the Japanese yen during trading on Wednesday.
The US dollar has rallied a bit during the trading session on Tuesday, breaking above the 200 day EMA but hasn’t exactly exploded to the upside.
Tensions are renewed in the Middle East, with the threatening language between Iran and the United States of America, after the latter assassinated a prominent Iranian military commander, Qasim Soleimani, and his companions.
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Tensions in the Middle East are likely to intensify after the US killed a top Iranian general in Iraq.
The US dollar has been all over the place against the Japanese yen during trading on Thursday, dipping below the 200 day EMA at one point.