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 long-awaited rate hike in Japan, the USD/JPY pair continued its upward trend, with gains reaching the resistance level of 150.48 at the time of writing the analysis.
The US dollar has rallied pretty significantly during the early hours on Monday, but we still find quite a bit of resistance above.
The recent impact of central bank policy shift signals on the USD/JPY pair makes this trading week important for determining the direction of the dollar/yen pair in the coming days
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The US dollar has rallied pretty significantly against the Japanese yen as trading on Friday ended.
The USD/JPY pair rebounded to the 148.00 resistance level, as Bank of Japan Governor Kazuo Ueda gave a slightly more pessimistic assessment of the economy ahead of the central bank's policy meeting next week.
USD/JPY slightly reversed course during the Wednesday trading session.
For the second day in a row, the USD/JPY currency pair is recovering from its recent strong losses, which reached the support level of 146.48.
In anticipation of the CPI data and to maintain the general upward trend, the US dollar has slightly strengthened against the yen during the trading session.
According to recent trading, the Japanese yen has strengthened against the US dollar, thanks to some recent data and news.
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The US dollar has begun the trading session on Monday by slightly retreating against the Japanese yen.
The USD/JPY currency pair had a bearish trading week, with losses extending to the 146.48 support level.
Throughout Friday's trading session, the US dollar declined slightly as the jobs report was slightly below expectations.
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Early on Thursday, the US dollar dropped significantly versus the Japanese yen, possibly as a result of traders taking note of Friday's nonfarm payroll announcement day.
Since the start of today's trading session on Thursday, the USD/JPY exchange rate has been falling sharply as investors continue to bet that the Bank of Japan (BoJ) will start cutting interest rates soon.
Yesterday, bears attempted to push the USD/JPY currency pair lower, but losses did not exceed the 149.70 level before settling around 150.00 at the time of writing the analysis.