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 been very choppy against the Japanese yen during the month of March, as we have no idea which direction we are going to go.
The US dollar initially tried to rally during the trading session on Wednesday but then turned around to break through the 200 day EMA, as well as the 50 day EMA.
The US dollar fell hard against the Japanese yen initially during the trading session on Friday after the ¥111.50 level gave away.
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The US dollar went back and forth during the trading session on Friday, as we see a lot of resistance at the 200 day EMA.
The US dollar rallied a bit during the trading session on Monday, breaking above the 61.8% Fibonacci retracement level.
The US dollar has been rather noisy against the Japanese yen over the last several weeks, as we had plunged all the way down to the ¥105 level, before bouncing rather significantly in the “yen flash crash.”
The US dollar has been all over the place against the Japanese yen during the trading session on Wednesday, which you would expect during a Federal Reserve press conference..
The US dollar has rallied significantly during the trading session on Wednesday, testing the vital ¥110 level.
The US dollar has been rising against the Japanese yen for the entirety of 2018, in a clearly defined upward channel.
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The US dollar initially dipped lower during the day on Tuesday, but then turned around to rally again.
The US dollar bounced the nicely during the Wednesday session, as we had reached below the ¥113 level.
The US dollar fell rather hard against the Japanese yen during the day on Tuesday, slicing through the ¥113 level, which of course is a very sign.
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The US dollar rallied initially during the trading session on Monday but gave back most of the gains.
The US dollar fell a bit against the Japanese yen during the trading session on Friday as traders started to take profit going into the weekend.