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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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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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
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.
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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