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 had a very erratic trading session against the Japanese yen during the trading session on Tuesday, initially falling as the United States labeled the Chinese “currency manipulators”, which sent the Asian session on fire.
The recent violent bearish correction pushed the USD / JPY pair to move towards the 105.51 support level in early trading on Tuesday, its lowest level in seven months
The US dollar got hammered during the trading session on Monday, as we had a major “risk off” move in both Forex markets and of course the equity markets.
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Over the course of three trading sessions, the USD/JPY pair has lost ground and its losses have reached its 105.78 support, the lowest in seven months.
The US dollar initially tried to rally against the Japanese yen during trading on Friday but then fell apart as we have broken through the ¥107 level.
The US dollar has pulled back significantly after initially trying to rally during the Thursday session.
The US Federal Reserve, as expected, announced cutting US interest rates for the first time in 10 years by a quarter point,
The US dollar has rallied a bit during the trading session on Wednesday, as the Federal Reserve of course has gotten very much in the spotlight due to the fact that the interest rate announcement had come out.
The price of the USD/JPY pair appears to be silent for four sessions in a row moving in a limited range awaiting the breaking point as the Federal Reserve announces its monetary policy.
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The US dollar/Japanese yen pair is extraordinarily sensitive to the Federal Reserve and of course interest rate announcement, just as any other major pair will be that features the US dollar, but in this case it has a bit of an inverse relationship at times.
The USD/JPY pair's attempts to rebound stopped at the 109.00 resistance level, as the US Federal Reserve began its meeting to determine its monetary policy and will announce tomorrow its latest decision on interest rates and the future of the Bank's policy.
The US dollar has initially fallen during the trading session on Monday but found enough support underneath the 50 day EMA to turn things around and show signs of life.
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The US dollar has been bullish against the Japanese yen over the last several sessions, and on Friday it was no different.
The US dollar has broken to the upside during the trading session on Thursday, clearing the 50 day EMA which of course is a very bullish sign.