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 shot higher during the trading session on Thursday, slamming into the 61.8% Fibonacci retracement level.
US dollar has been all over the place during the trading session on Wednesday, as the market was awaiting the Federal Reserve statement.
The US dollar gained a bit during the trading session on Tuesday, breaking the top of a fat hammer that formed on Monday.
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The US dollar had initially pulled back during the trading session on Monday but has turned around to show signs of life again.
The USD/JPY price of the pair did not react much to the announcement a better than expected results for US jobs during the month of November.
The US dollar initially tried to rally during the trading session on Friday but give back the gains in volatile trading after the Non-Farm Payroll announcement.
The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as there have been a lot of back and forth traders in the market.
The US dollar has initially pulled back against the Japanese yen during the trading session on Wednesday but found enough support at the ¥108.50 level again to turn around and bounce.
Risk aversion and increased pressure on the dollar after the disappointment of the US statements regarding the Phase 1 trade agreement with China,
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The US dollar initially tried to rally during the trading session on Tuesday, but then collapsed as Donald Trump started talking about how the China deal might be better served having been dealt with after the election.
USD/JPY fell to the 108.92 support with a stronger decline in the US ISM Manufacturing PMI, and investors' risk appetite ceased with the absence of any details of the upcoming trade agreement between the US and China. T
The US dollar has initially rally during the trading session on Monday, but then broke down significantly as the ISM Manufacturing PMI figure came out lower than anticipated.
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Sign up to get the latest market updates and free signals directly to your inbox.USD/JPY Continued its bullish momentum, as investors risk appetite and attention is cautiously moving towards the date and details of the US-China trade agreement; the main driver of financial markets over the past 18 months.
The US dollar continue to go back and forth against the Japanese yen, and on Friday initially tried to rally but gave back some of the gains.
Japanese company sales and profits decreased for the third quarter, but capital spending accelerated.