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 USD/JPY pair broke out of a significant ascending triangle during the course of the last couple of weeks, so I think that the next leg higher is on tap.
Get the USD/JPY forecast for the month of March 2015 here.
Get the January 2015 forecast for the USD/JPY pair here.
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The USD/JPY pair had a massive move higher during the course of the back half of 2014, probably more so than acceptable.
The USD/JPY pair has been astronomically parabolic recently, as the US dollar has just screamed higher in value.
The USD/JPY pair has had a couple of the strong week see recently, after bouncing off of the important 105 level.
The USD/JPY pair looks as if it’s finally broken out significantly over the course of the last several weeks. However, the market breaking above the 105 level of course is a very positive sign but there’s still the matter of the 110 level.
The US/JPY pair continued to hang about in the consolidation area that we have been in for some time during the month of June. Quite frankly, I don’t really see much changing at this point in time.
Check out the USD/JPY monthly forecast for June 2014 here.
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The USD/JPY pair fell during the course of the month of April, but only slightly so. Quite frankly, we have been grinding sideways for about two months now, and we are approaching an uptrend line. The question is now whether or not that trend line holds.
Check out where the USD/JPY pair is headed in the upcoming quarter with this Forex forecast here.
This pair has been established in a strong long-term uptrend since the summer of 2012, and has been rising strongly in its recent leg to reach long-term new highs, but it is beginning to show signs of weakening or at least slowing.
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The USD/JPY pair has been going higher for a couple of months now. While a pullback certainly could happen, I believe that this pullback would simply be an opportunity to start buying again.
The USD/JPY pair could be one of the most interesting pairs this coming year. This is because of a variety of reasons, both technical and fundamental. The market is known for being very volatile, and this year will probably be even more so than usual.