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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It's obvious that the USD/JPY pair is trying to break out, and it’s probably only a matter of time before it actually occurs.
The US dollar has rallied significantly during the trading session on Wednesday, breaking to a fresh, new hunting, as we are looking to take off to the upside yet again
The US dollar rallied a bit during the trading session on Tuesday, reaching towards the crucial ¥109.50 level again before pulling back
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Investor risk appetite returned amid optimism that the US-China trade agreement could happen and the USD/JPY pair had a better chance of an upward correction to the 109.20 resistance
The US dollar has rallied a bit during the trading session on Monday, breaking clearly above the 200 day EMA.
The US dollar initially pulled back a bit against the Japanese yen during the trading session on Friday, but then found support underneath to turn things back around
The US dollar fell a bit during the trading session on Thursday, reaching down to the 50 day EMA before turning around completely.
Undoubtedly, recent bearish correction attempts for USD/JPY have attracted the attention of traders interested in this pair
The US dollar went back and forth during the trading session on Wednesday, as we continue to bounce around between the 50 day EMA underneath and the 200 day EMA above
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Investors returned to safe havens as the future of the upcoming US-China trade deal became increasingly uncertain
The US dollar has gone back and forth all day against the Japanese yen on Tuesday as markets have no place to be anytime soon.
On the daily chart below, it seems clear that the USD/JPY is trying to avoid reaching the 108.00 support so as not to confirm the breach of the general bullish trend.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar continues to go back and forth against the Japanese yen as we are dancing around the 200 day EMA.
Investors' risk appetite weakened recently, supporting the USD/JPY drop to 108.23 support, but succeeded in closing the week around 108.80 resistance.
Despite numerous attempts by officials to show markets that the US and China are in the final process of finalizing their phase one trade truce, fundamental differences remain