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 dollar yen initially pulled back a bit during the trading session on Friday as traders got out of the path of the Bank of Japan meeting.
The Japanese yen witnessed further weakness against its counterpart, the US dollar, falling to its lowest level in over three decades.
The heights in value now being traded in the USD/JPY are touching levels not seen since May of 1990.
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The US dollar rallied significantly during the early hours on Wednesday, but then stalled here at the ¥155 level.
Despite daily Japanese warnings about the imminent date of intervention in the Forex currency markets to prevent further collapse of the Japanese yen exchange rate
The US dollar continues to squeeze higher against the Japanese yen, as the interest rate differential continues to be a major driver.
In a record-breaking upward trend, the USD/JPY surged to around the 154.85-yen resistance, hitting a 34-year low and prompting a senior official to issue fresh
The US dollar continues to pressure the yen to the upside and as I look at the chart, it's easy to see that the market has shown itself to be very resilient.
The Bank of Japan's policy decision will be closely scrutinized this week for clues on the future path of Japanese interest rates.
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The US dollar initially plunged overnight against the Japanese yen as the Israelis attacked the Iranians.
The dollar has recovered after initially falling down a bit against the Japanese yen during trading on Thursday as we continue to see the buy on the dip mentality come into the picture.
Recently, the US dollar exchange rate against other major currencies has remained supported by new warnings from Federal Reserve Chairman Jerome Powell that US interest rates will need to stay at current levels for longer than previously expected.
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The US dollar remained near its highest levels in several months against the pound, euro, and other major currencies after the release of more strong economic data.
The sharp uptrend in the price of the US dollar against the Japanese yen USD/JPY continued, with gains reaching the resistance level of 154.44, the highest for the currency pair in 34 years.
The USD/JPY continued its remarkable rally last week amid continued signals of further tightening by the US Federal Reserve.