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 price of the US dollar headed to record its best week against the yen in three months, as the USD/JPY pair jumped towards the 151.60 resistance level.
The trading session on Friday witnessed a slight rally in the US dollar.
The United States dollar experienced a brief pause in its trading momentum on Thursday, sparking speculation about the currency's future trajectory.
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The trading session on Wednesday saw the US dollar making gains, driven by the persistent weakness in the Japanese Yen.
The USD/JPY pair is stabilizing around the 151.00 resistance level, recovering from losses that reached the 149.18 support level.
The price of the USD/JPY currency pair has rebounded higher for the third consecutive day.
The USD/JPY continues to exhibit an ability to achieve higher values and sustain momentum upwards, this as the Bank of Japan rattles the threat of intervention.
The USD/JPY pair displayed signs of a modest rally during Tuesday's trading session, navigating through the persistent turbulence that has become characteristic of recent market behavior.
After three consecutive trading sessions, the USD/JPY was subjected to strong selling pressure with losses extending to the support level of 149.18.
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In the early hours of Monday, the US dollar saw some small strength, but market volatility remains high.
The USD/JPY was exposed to profit-taking selling operations that pushed it towards the support level of 149.18 before settling around the level of 149.55.
The USD/JPY experienced a decline during Thursday's trading session, edging closer to the ¥150 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY has experienced a slight pullback during the early trading hours of Wednesday, creating an opportunity for value hunters to re-enter the market as anticipation builds for the upcoming Federal Reserve announcement.
For the second day in a row, the price of the USD/JPY currency pair is subject to selling from its highest levels in a year, stabilizing around 150.40.
The USD/JPY, it jumped to the 151.70 resistance level, its highest level in a year, from the 149.01 level in the same trading session.