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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USD/JPY fell from the 109.28 resistance, the highest in three months, before settling around 108.60 at the time of writing, after the US dollar came under pressure
The US dollar rallied significantly during the trading session on Wednesday against the Japanese yen but turned around at the 61.8% Fibonacci retracement level
USD/JPY rally attempts stopped at the 109.06 resistance, pending US economic growth figures and the announcement of Federal Reserve decisions.
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The US dollar has gone back and forth during the trading session on Tuesday as traders are awaiting the results of the FOMC interest rate decision and of course the statement.
USDJPY: Look for bullish breakout beyond 109.00
The US dollar will be very quiet during the training session on Tuesday against the Japanese and, as we await the Federal Reserve FOMC meeting announcement on Wednesday.
For the eight trading sessions in a row, USD/JPY stabilized between the 108.24 support and the 108.93 resistance, as shown
The US dollar has gone back and forth during the training session on Friday, as we continue to dance around the 200-day EMA.
The US dollar went back and forth during the trading session on Thursday, as we continue to grind just below the 200-day EMA against the Japanese yen.
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USD/JPY rebounded to 108.68 resistance as investors continued to take risks and abandon safe havens amid optimism over the course of trade talks between the United States and China and the possibility of avoiding a chaotic exit from Britain from the European Union.
The US dollar initially fell during the trading session on Wednesday but found enough support near the ¥108.25 level to turn things around and form a bit of a hammer.
The US dollar did very little during the trading session on Tuesday, as we continue to bounce around in the same very tight range against the Japanese yen.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar is slightly positive during the trading session on Monday, but it looks lackluster against the Japanese Yen to say the least.
The US dollar fell a little bit during the trading session on Friday, which quite frankly is a big surprise considering that it was testing the 200 day EMA against the Japanese yen.
The US dollar went back and forth during the trading session on Thursday as we continue to dance around the 200 day EMA.