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 staged a substantial rally during Tuesday's trading session, largely spurred by the Bank of Japan's meeting, which hinted at a loose approach to interest rates.
Recently, the currency pair rebounded upward, breaching the psychological resistance of 150.00 again, settling around the resistance level of 150.31.
In Monday's trading session, the USD/JPY initially faltered but swiftly reversed course, displaying renewed strength.
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The weakness of the Japanese yen in the markets has been continued with the USDJPY reaching the resistance level of 150.77 last week.
During the Thursday trading session, the US dollar showed a remarkable run higher, surpassing the ¥150 level.
The USD/JPY showed slight retracement early on Wednesday, introducing a sense of uncertainty near the critical ¥150 level.
The USD/JPY jumped towards the 150.47 resistance level, its highest level in a year and stable around it at the time of writing the analysis.
The currency pair US Dollar against the Japanese Yen (USD/JPY) is closest to testing the psychological resistance of 150.00 nearby.
The USD/JPY jumped towards the psychological resistance level of 150.00 for a very short time before retreating towards the support level of 149.55.
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The USD/JPY has showcased its resilience in recent trading sessions, consistently rebounding when it approaches the ¥150 level.
The USD/JPY moved with gains towards the resistance level of 149.98, on the doorstep from the psychological resistance of 150.00.
The USD/JPY has been on a significant rally in the recent trading sessions, edging closer to the critical ¥150 level against the Japanese yen.
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Sign up to get the latest market updates and free signals directly to your inbox.In recent trading sessions, the USD/JPY has been oscillating, teetering around the ¥150 level against the Japanese yen.
The USD/JPY remains near critical highs as financial institutions and speculators await inflation data from Japan on Friday.
The USD/JPY demonstrated its strength against the Japanese yen in recent trading, revealing a potential upward trajectory despite initial weakness.