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.
Most Recent
The US dollar has fallen a bit during the trading session on Thursday, reaching down towards a support barrier based on the previous consolidation during the month of August.
Investors are rushing to buy safe havens again as renewed fears of a failed US-China trade talk round and a bleak Brexit scene, and the yen shrugged off an increase in sales tax in Japan starting this month.
The US dollar broke down significantly during the trading session against the Japanese yen during Wednesday as the S&P 500 got hammered.
Top Forex Brokers
By checking the USD / JPY, we note that the bullish correction faces a difficult resistance at the 108.47 level,
During Tuesday’s trading, the USD/JPY jumped to the 108.47 resistance, and didn’t have a lot of celebration with the gains, as it dropped back to the 107.62 support,
The ISM figures in the United States on Tuesday were very shockingly low, and therefore it’s not a huge surprise that the US dollar pulled back against the safety currency known as the Japanese yen.
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.
Bonuses & Promotions
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.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.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.