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 trading session on Thursday initially witnessed a decline in the US dollar, underscoring the persistently erratic nature of market behavior at the moment.
The USD/JPY embarked on a slight pullback during Wednesday's trading session, only to stage an impressive resurgence and breach the 50-day EMA.
In the following technical analysis we will present the USD/JPY forecast for today, Eyes Are Turning Towards the Psychological Resistance Of 150.00 Again
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In the following technical analysis we will present the USD/JPY forecast for today, the Possibility of long positions.
The USD/JPY has descended to the critical ¥147.80 level, an area that has previously served as a reliable support zone.
The US dollar has experienced a notable decline, bringing it in proximity to the critical ¥147.80 level, a zone that has held significance on multiple occasions in the recent past.
In the following technical analysis we will present the USD/JPY forecast for today, Selling Operations Ahead of The Federal Reserve Minutes
The USD/JPY experienced a notable decline during Friday's trading session, with its value reaching down to the 50-Day Exponential Moving Average.
In a week marked by cautious trading, the USD/JPY pair experienced a notable shift, driven by a mix of US economic data and Federal Reserve policy speculations, leading to profit-taking selling as the pair approached key resistance levels.
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The trading session on Thursday saw the US dollar take a modest tumble, suggesting a possible return to the ¥150 level, a zone that has provided solid support on multiple occasions.
The USD/JPY experienced a substantial upswing against the Japanese yen in the trading session on Wednesday, reflecting the ongoing volatility in the market.
Recently, the USD/JPY pair reached the resistance level of 151.38 after selling in the middle of the week reached the level of 150.04.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY displayed a slight retreat during the Tuesday session, casting doubt on its ability to achieve a decisive breakout above the recent highs.
The price of the USD/JPY currency pair continued to rebound and nearly touched its highest level in October 2022 at the resistance level of 151.94.
The demand to buy the US dollar as a safe haven, are factors that helped bulls a lot to move again in the USD/JPY currency pair.