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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Despite the contents of the latest US Federal Reserve meeting showed the desire of some members of the Bank's policy committee to raise interest rates
For four consecutive trading sessions, the USD/JPY pair has rallied around the top of the 110.00 psychological resistance,
The dollar and Japanese yen have been the most prominent as safe havens recently amid global trade tensions.
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Despite the recent trade tensions between the US and China, the USD / JPY pair is stabilizing around the 110.00 resistance level and the 110.31 level at the time of writing the analysis.
US retail sales fell more than expected, negatively impacting the US dollar.
With renewed US-Chinese trade tensions, and with both US dollar and Japanese Yen are considered safe-haven currencies, that helped the USD / JPY break back to the 109.02 support level, the lowest level for more than 3 months,
The future bullishness of the USD/JPY depends on the pair to hold above 110.00 resistance.
The US dollar fell rather hard against the Japanese yen during the trading session on Tuesday, as the stock markets came undone in the United States.
The US dollar gapped lower against the Japanese yen as we got a bit of a reaction during Asian trading to tweets from President Donald Trump.
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The US dollar initially tried to rally during the trading session on Friday, but as the jobs number came out sold off rather hard to reach down towards the bottom of the hammer from the Wednesday session.
The US dollar fell during most of the trading session on Tuesday but did find support at a couple of crucial places.
The US dollar rallied a bit during the trading session on Monday to kick off the week, but as you can see we are still stuck in the same region.
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The US dollar fell a bit during the trading session on Monday, as traders came back to the weekend.
The US dollar has rallied slightly during the trading session on Friday, as we got the jobs number in the United States at this point, it looks very likely that we are going to continue to struggle to go anywhere without some type of catalyst.