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 initially fell during the trading session on Thursday but then turned around to show signs of life again.
After four bearish sessions, as the USD / JPY failed to break the 108.47 resistance last week, it was normal for the bears to dominate the pair's performance with a sell-off towards the 106.95 support.
The US dollar has shown signs of strength during the trading session on Wednesday, breaking back above the 50 day EMA as we continue to dance around that significant technical indicator.
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The US dollar has initially tried to rally during the trading session on Tuesday but then broke down to reach towards the ¥170 level.
For the fourth day in a row, USD / JPY continues to correct lower to the 107.30 support level after failing to trade above the 108.47 resistance level last week.
The US dollar has fallen a bit during the trading session on Monday to kick off the week but has found a bit of a bounce in the form of the 50 day EMA.
At the beginning of this week, the USD / JPY is expected to be relatively quiet with no drivers.
The US dollar has rolled over again against the Japanese yen during the Friday trading session as concerns around the world continue to drive money back towards the Japanese yen.
After the low level Chinese delegation cut its US trip short and cancelled planned visits to US farms, the mood surrounding a trade deal next month between the US and China to end the trade war soured.
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The US dollar fell during the trading session against the Japanese yen on Thursday as we had finally got a bit of an answer to the question of whether or not the 50% Fibonacci retracement level would cause problems.
The US dollar has rallied again during the trading session on Wednesday, as the Federal Reserve was a little less dovish than people had anticipated.
Attempts to bounce the USD / JPY pair around the 108.36 resistance level a month and a half ago have been put on hold for awaiting the announcement of Federal Reserve monetary policy decisions and important remarks by Governor Jerome Powell.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar went back and forth during the trading session on Tuesday, as we are hanging about the ¥108 level.
Investors ignored safe havens despite the situation in the Middle East, which portends a war threatening the world's most important oil region.
The US dollar gapped lower to kick off the week as traders have the ability to react to the Saturday drone strike in Saudi Arabia.