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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With just a few seven points, the price of the USD/JPY currency pair stabilizes near the psychological resistance of 150.00 since yesterday.
Investors' continued aversion to risk and the positive results of US economic data supported bulls in continuing to push the USD/JPY currency pair higher.
Amidst upward stability, the price of the USD/JPY currency pair began this important week’s trading stable around the resistance level of 149.62.
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The continued discrepancy between FED and BoJ policies allowed the bulls to control the performance of the USD/JPY currency pair.
In Friday's trading session, the US dollar experienced a brief setback before staging a comeback.
The USD/JPY exhibited a modest rally during Thursday's trading session, signaling a continued "buy on the dips" sentiment that has prevailed in the market.
The upward path is still the most prominent for the performance of the price of the USD/JPY, as the currency pair stabilizes around the resistance level of 149.25.
In Wednesday's trading session, the US dollar took a brief step back before making a strong rebound, hinting at a resurgence in its momentum.
Investors' aversion to risk amid tensions in the Middle East and the demand for safe havens helped the USD/JPY currency pair stabilize
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In Tuesday's trading session, the US dollar displayed a minor retreat, only to rebound and exhibit signs of renewed strength.
Amid global concern over developments in the Middle East, investors have increased their interest in buying safe havens, led by both the US dollar and the Japanese yen.
The US dollar rose alongside Treasury yields and stock markets fell after the US reported a surprisingly strong September jobs report.
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The USD/JPY experienced a significant rally during Friday's trading session, largely propelled by the prevailing interest rate dynamics in the financial markets.
The US dollar had a dip during Thursday's trading session, only to swiftly rebound against the Japanese yen.
For three trading sessions in a row, the USD/JPY currency pair has been subjected to profit-taking selling operations that have often been noted for their possibility of occurring at any time.