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 has rallied a bit during the trading session on Monday, as we are now clearly above the ¥107 level.
Risk appetite has contributed to a bullish correction in USD / JPY to reach the 107.22 resistance level, which was hit a month ago, and started trading this week stabilizing around 106.82, pending new catalysts to complete the correction.
The US dollar has gone back and forth during the trading session on Friday against the Japanese yen as the jobs number came out slightly lower than anticipated.
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The US dollar has rallied significantly during the trading session on Thursday, reaching above the 50 day EMA before pulling back a bit at the end of the New York session.
The US dollar has rallied slightly during the trading session on Wednesday but has stayed within the relatively tight range that we had been in for some time.
The US dollar has gone back and forth during the trading session on Tuesday as we continue to try to find some type of clarity when it comes to growth and the US/China trade situation.
The US dollar gapped lower to kick off the week, as traders were concerned about the United States and China adding more tariffs upon each other, so it makes quite a bit of sense that we haven’t been able to break out of the range that we have been in for some time.
The US dollar has been back and forth against the Japanese yen for some time now, and I think that will continue to be the case as we head towards Labor Day in the United States on Monday.
The US dollar has been wilting against the Japanese yen for some time, starting the latest push lower at the end of the July month.
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The US dollar has rallied significantly after falling against the Japanese yen on Thursday due to headlines suggesting that the Chinese weren’t going to retaliate against the Americans and the tariff war.
The US dollar has rallied slightly during the trading session on Wednesday, as we continue to consolidate against the Japanese yen.
The US dollar fell a bit during the trading session on Tuesday, reaching below the ¥106 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Ahead of the release of important US consumer confidence figures, USD / JPY remains unable to avoid losses.
The US dollar has initially plunged lower during the trading session on Monday, as traders reacted to the new tariffs imposed on the Chinese by the Americans after the markets closed on Friday.
The US dollar looks likely to attempt to break down below the ¥105 level during the trading session on Monday, which of course has been a solid support level in the past.