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 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.
The USD/JPY pair will more than likely be the place to be most of the next year or two. The reason I say this is that you will not find a more blatant example of central bank interaction than you will see in this pair.
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The USD/JPY pair has been an interesting market to watch, simply because there are so many moving pieces at one point in time. Get the forecast for this pair here.
See where the USD/JPY pair is headed for the upcoming second quarter and learn what this can mean for your trading here.
Begin your trading day with this EUR/USD signal from DailyForex.com's expert trader, Fadi here.
Going into 2013, the Japanese Yen continues to weaken against the USD as the newly elected Prime Minister, Shinzo Abe sends strong signals through recent statements. Check out the 2013 forecast for the USD/JPY pair here.