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 significantly during the trading session on Thursday, reaching down towards the 50 day EMA as it was more of a “risk off” type of move.
Trump claimed that the US economy and equity markets would be stronger if the central bank took his advice and cut interest rates further.
The US dollar has initially tried to rally during the trading session on Wednesday, but then broke down a bit during the trading session on Wednesday as we continue to struggle with significant resistance just above.
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USD/JPY is trying to keep moving around and above 109.00 resistance to ensure the continuation of the bullish correction
The US dollar has tried to rally during the trading session on Tuesday, reaching towards the ¥109.50 level yet again. At this point, the market has formed a bit of a shooting star, but we are sitting on top of major support as well.
For the second day in a row, USD/JPY is moving in a limited range between the 108.90 support and the 109.25 level awaiting any developments.
The US dollar has gone back and forth during the trading session on Friday as we approach the significant 61.8% Fibonacci retracement level.
The US dollar initially fell during trading on Thursday but found a lot of buying underneath to push the market higher.
The US dollar continues to find plenty of buyers overall, and recently has tested the crucial ¥109.50 level more than once
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The US dollar has rallied significantly during the trading session on Tuesday as the ISM Nine Manufacturing PMI figures have come in much better than anticipated.
The US dollar has gapped higher to kick off the week, and then shot much higher
The USD/JPY price did not celebrate its gains at the beginning of last week, which pushed it to the 109.28 resistance, its highest level in three months.
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16 Asian countries are close to signing an ASEAN trade pact which will be the largest in the world;
The US dollar has rallied during the month of October against the Japanese yen but started to stall once we got closer to the 61.8% Fibonacci retracement level at the ¥109.50 level.