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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At the beginning of this week, the Japanese Yen declined below 150.80 yen per US dollar, the highest level for the currency pair in more than two months.
The USD/JPY exchange rate continued to rise as the US Dollar Index (DXY) and bond yields rose to their highest point in months.
The US dollar was very stout during the trading session on Thursday as we have now broken above the crucial 150 yen level.
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The Japanese yen rose to around 149.3 against the US dollar on Thursday, but remained close to an 11-week low as investors reacted to disappointing trade
Decisively, the USD/JPY price will remain subject to signals from global central bank officials and the extent of investors' risk appetite or not.
The day has been fairly noisy on Tuesday in the dollar against the Japanese yen as the 150 yen level continues to be a massive barrier.
The Japanese yen has declined to the brink of 150 yen per US dollar, heading towards its lowest levels since early August.
The US dollar has rallied significantly during the course of the early hours on Mondays as we continue to see the interest rate differential come into the picture and influence the market.
Despite US inflation figures exceeding consensus and hawkish comments from Fed policymakers failing to give the US dollar a new upward momentum, suggesting that the October rally is fading, the yen's recent weakening.
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The Japanese yen has declined below 149.50 yen against the US dollar, heading towards its lowest levels since early August.
The Japanese yen remained weak at around 148.55 yen per US dollar on Wednesday after falling to its lowest level in seven weeks in the previous session, as investors continued to assess the Bank of Japan's monetary policy outlook.
The recent cautious comments from Japanese central bank officials regarding further tightening brought a lot of losses to the Japanese yen against other major currencies and gave up a lot of its sharp gains.
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Sign up to get the latest market updates and free signals directly to your inbox.At the beginning of this week, the weakness of the Japanese yen prompted new verbal warnings.
The Japanese yen depreciated to around 147.20 yen against the US dollar today, Thursday, hitting a month-low after new Japanese Prime Minister Shigeru Ishiba
The Japanese yen fell below 144 against the US dollar, falling for the second consecutive session, after US Federal Reserve Chairman Jerome Powell dismissed bets on further large cuts to US interest rates.