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 currency pair has seen a resurgence in bullish momentum, with gains extending to the resistance level of 151.22.
The US dollar holds below 150 yen, with traders eyeing Fed rate cut speculation and bond market shifts, while waiting for signs of a rebound.
USD/JPY rebounds near 150.20, with potential support at 149.20 and 147.80, as markets weigh BOJ interest rate signals and US dollar strength amid Trump policies.
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The US Dollar struggles near 150 yen, with potential for a bullish rebound toward 155 yen or further downside driven by interest rate differentials and technical levels.
The US dollar has bounced a bit during the early hours on Thursday, to turn things around against the Japanese yen.
Since the beginning of this week, the USD/JPY currency pair has been on a downward correction path, with losses extending to the support level of 150.45, the lowest for the currency pair in five weeks.
The US dollar has gotten hammered over the last couple of days against the Japanese yen, and has struggled against most currencies around the world.
Despite risk aversion among investors, the US dollar remains more attractive to buy than the Japanese yen, even though both currencies are among the most important safe havens in times of uncertainty.
The Japanese yen's gains continued to weaken on Tuesday as uncertainty surrounding the future of the Bank of Japan's policy pushed the USD/JPY pair down to 153.28.
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At the end of last week's trading, the USD/JPY was subjected to selling, starting from the resistance level of 156.75, the highest for the currency pair in three months, with losses extending to the level of 153.86.
Dear my daily analysis of the yen related pairs, it’s worth noting that the euro initially did try to rally, but then it plunged.
The US dollar initially rallied a bit during the course of the trading session on Thursday as we reached the 156 level and peaked above there but have since pulled back ever so slightly.
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Sign up to get the latest market updates and free signals directly to your inbox.In today's Thursday trading, the Japanese yen plummeted to its lowest level in four months against the US dollar, with losses extending to the 156.13 level.
As you can see, the US dollar has rallied again against the Japanese yen as we continue to see a lot of upward pressure in general.
A shift in the Bank of Japan's policy has tempered market expectations for further monetary tightening.