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 currency pair has been trading upwards this week.
The US dollar is showing signs of potential strength against the Japanese yen, with indications pointing towards a breakout above resistance levels.
Market influenced by US resilience to rate hikes and diverging central bank policies between the Fed and BoJ.
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The USD/JPY pair continues its bullish momentum, with Tuesday's session showing signs of renewed strength.
The USD/JPY pair continued its upward rebound path with gains reaching the resistance level of 148.90 before settling around 148.45 at the time of writing the analysis.
The USD/JPY pair continues to exhibit a bullish outlook as it enters the new week.
The performance of the USD/JPY pair last Friday completely changed its performance throughout the week.
The US dollar demonstrated a notable rally during Friday's trading session against the Japanese yen.
The USD/JPY currency pair initially had a minor retracement during the trading session but subsequently rebounded from the 50-day Exponential Moving Average.
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The price of the currency pair, moved under downward pressure to the support level of 146.00.
Reactive USD/JPY selling took place last night as the U.S Federal Reserve released its FOMC Statement and financial institutions sold the USD/JPY with solid price velocity.
The US dollar's behavior in the USD/JPY pair is currently influenced by the anticipation of the FOMC meeting and the subsequent press conference.
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Risk aversion was in favour of a downward correction for the USD/JPY pair, with losses extending to the support level of 147.08 before.
The US dollar initially experienced a decline against the Japanese yen on Tuesday, but later rebounded from a well-established support level.
USD/JPY Stays Neutral, Awaits Fed and Jobs Data.