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 gone back and forth during the trading session on Tuesday, dancing around the 107 handle.
The US dollar as you can see has broken down a little bit against the Japanese yen during trading on Monday.
The US dollar has rallied significantly during the trading session on Friday, breaking above the 107.50 level before turning around and forming a bit of a shooting star.
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The US dollar initially fell during trading on Wednesday, but rallied quite nicely, right along with the US stock markets as fears of an escalating trade wars seem to be softening a bit.
The US dollar has been very choppy against the Japanese yen during the last month, but as you can see the 105 level seems to have held.
The US dollar has rallied against the Japanese yen on Monday, breaking above the top of the shooting star from the Friday session.
The US dollar initially rallied against the Japanese yen on Friday, reaching towards the previous uptrend line.
The US dollar initially fell on Thursday but then turned around to rally a bit.
The US dollar was rather quiet against the Japanese yen during the trading session on Thursday, which of course makes sense as we are awaiting the jobs number today.
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The US dollar fell again during the trading session on Wednesday, looking towards the 106.50 level.
The US dollar has been very volatile against the Japanese yen during February trading, dropping down as low as 106 before rallying a bit.
The US dollar has gone back and forth during the week, testing the 108 handle for support, an area that has clearly been an area of interest for the buyers over the last year,
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Sign up to get the latest market updates and free signals directly to your inbox.There is no doubt that the minutes of the last Federal Reserve meeting helped the USD to achieve gains against other majors
The USD/JPY will depend today on the details of the latest meeting for the Fed Reserve to stop the losses which took the pair to the support level at 112.05.
The US dollar has been reasonably positive against the Japanese yen over the last several months, and it looks likely that we will continue to see buyers underneath.