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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As we awaited PCE data, the US dollar is retreated early in Thursday's trading session against the Japanese yen.
New indications of the Bank of Japan's imminent shift away from negative interest rates pushed the USD/JPY currency pair lower today.
The upward stability dominates the performance of the USD/JPY currency pair before the announcement of the US economic growth reading later today.
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Tuesday morning's early trade saw a small retreat in the US dollar since there is still a lot of support lying just below.
February 27, 2023, USD/JPY Analysis today
The early hours of Monday have seen very little movement in the US dollar as the market remains extremely tight and range-bound due to ongoing choppy behavior.
The USD/JPY currency pair had a generally bullish performance last week.
Since Friday seems to be another flat day, the US dollar and the Japanese yen have been trading relatively sideways throughout the early hours of the day.
The US dollar was relatively quiet during the early hours of Thursday's trading session.
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The USD/JPY currency pair remained bullish.
Early in Wednesday's trading session, the US dollar has been rather quiet compared to the Japanese Yen.
The overall outlook for the performance of the USD/JPY pair remains bullish.
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early Tuesday trading saw very little movement of the USD/JPY as we remained close to the critical 150 yen mark.
USD/JPY has stabilized around and above the psychological resistance of 150.00.
Focus on Japan's limited policy options and market support at 147.33 yen. Upward trend likely.