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 direction of the USD/JPY pair will be closely tied to the developments in the interest rate markets.
The USD/JPY pair is stabilizing higher around the 148.33 resistance level at the time of writing.
The US dollar rallied a bit during the trading session on Friday as the ¥147.33 level continues to offer a significant amount of support.
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The US dollar has gone back and forth during the trading session on Thursday as we are hanging around the crucial ¥147.33 level.
Before wild bets on downside are placed by traders they should consider what they are up against today and tomorrow.
The general trend of the USD/JPY pair is still bullish.
According to recent forex market trading, the Japanese yen has strengthened with expectations of rising interest rates from the Bank of Japan in the future.
The general trend for the USD/JPY pair is still upward.
I believe that this is a market that will eventually have to figure itself out from a longer term perspective, but right now it just looks a bit heavy.
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It appears that the USD/JPY pair is trading within an upward channel.
In the USD/JPY pair, the initial rally on Friday was followed by a relatively rapid reversal.
As New York got down to business, the 148 yen level was tested, and we'll have to see whether or not we can continue to go higher as a result.
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The USD/JPY is near the 147.750 ratio as of this writing, a high late on Wednesday in the currency pair touched the 148.510 mark.
The US dollar demonstrated another rally early on Wednesday against the Japanese yen, although it appears to be somewhat overextended.