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.
Most Recent
The USD/JPY is within sight of long-term highs as speculative questions are raised and a complex web of factors need to be considered when choosing directions and timeframes.
The USD/JPY encountered considerable choppiness during Wednesday's session, remaining confined to a narrow trading range.
Suddenly, and as we have often noted and warned about, the Japanese yen rose from its weakest levels in a year against the US dollar amid speculation that Japanese officials were working to slow the decline of the currency.
Top Forex Brokers
The US dollar started the last quarter of 2023 strong as the prospect of a longer US interest rate hike provided strong support, pushing the Japanese yen to its lowest level in 11 months.
In Monday's trading session, the US dollar continued its upward trajectory against the Japanese yen.
During last week's trading, the price of the US dollar against the Japanese yen (USD/JPY) was closest to testing the psychological resistance of 150.00.
The USD/JPY originally fell during Friday's trading session, but if there is still a lot of erratic behavior, it has turned around versus the Japanese yen.
The USD/JPY experienced a slight decline during Thursday's trading session, indicating a stretched market.
The US dollar increased its gains against all other major currencies and continued to break stronger bullish levels
Bonuses & Promotions
The USD/JPY experienced a slight rally during Wednesday's trading session, continuing its upward trajectory due to persistent upward pressure.
The USD/JPY exhibited an initial surge during the Tuesday trading session but subsequently relinquished its gains, displaying signs of hesitation.
The recovery of the Japanese yen from its lowest levels in several months against the US dollar did not last long after new threats to intervene in the forex currency market.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The leadership of the Bank of Japan emphasized the need to nurture economic growth through stimulus policies due to a wide range of uncertainties.
The US dollar staged a modest rally against the Yen as the Bank of Japan remained relatively passive overnight.
During Thursday's trading session, the USD/JPY exhibited noticeable volatility.