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 fell again during trading on Tuesday, as we reached towards the 200 day EMA.
The US dollar has broken down significantly during the trading session on Monday as traders came back from the weekend.
Despite the decline of the US dollar against most other major currencies during the past week's trading, the USD/JPY pair has maintained its upward momentum
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The US dollar has fallen a bit during the trading session on Friday, showing signs of weakness for the short term, but when you look at the daily chart you can see that we are clearly testing the ¥109.50 level for a bit of “balance.”
The US dollar has rallied significantly during the trading session on Thursday as some traders will have come back from the Christmas holiday to start placing orders again.
The USD/JPY started trading today, Thursday, after returning from the Christmas holidays to launch to the 109.56 resistance.
The US dollar did very little on Tuesday, which in and of itself wasn’t a major story considering that it was Christmas Eve, but looking at the longer-term chart you can see that we continue to see a lot of issues.
The US dollar has tried to rally initially during the trading session on Monday against the Japanese yen but then pulled back a bit to show signs of weakness.
The US dollar has initially fallen during the trading session on Friday but then turned around to show signs of life again.
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The US dollar has rallied initially during the trading session on Thursday but then broke down significantly to show signs of weakness against the Japanese yen again.
The US dollar continues to struggle to break out to the upside, as the ¥110 level continues to be a massive problem when it comes to the buyers going forward.
The US dollar has initially tried to rally during the trading session on Tuesday, but as you can see, we have in fact pulled back yet again from the same basic area.
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The US dollar has rallied a bit during the trading session on Monday but continues to look a little bit hesitant to try to break out against the Japanese yen.
Following the announcement of a phase-one trade deal between the US and China, that failed to meet even reduced expectations, the USD/JPY spiked into its resistance zone.