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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At the end of last week's trading, the price of the USD/JPY currency pair got a strong positive boost from hints from the officials of the American central bank to continue the pace of raising the American interest rate.
The USD/JPY demonstrated a notable surge throughout Thursday's trading session, reflecting traders' deliberation over the Federal Reserve's stance on maintaining tight monetary policy.
During Wednesday's trading session, the USD/JPY encountered an initial dip but subsequently exhibited signs of recovery.
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For three trading sessions in a row, the price of the USD/JPY currency pair is exposed to profit-taking sale.
The continued discrepancy between the aggressive policy of the US Federal Reserve and the Bank of Japan, which has negative interest rates, will support the survival of the bullish trend of the dollar pair against the Japanese yen.
During Tuesday's trading, the USD/JPY experienced an initial decline, only to reverse its fortunes and show signs of life.
The USD/JPY currency pair is still bullish and the strongest.
During Monday's trading session, the USD/JPY displayed a noteworthy rally, surpassing the ¥145 level once again.
At the end of last week’s trading, the price of the US dollar currency pair against the Japanese yen, USD/JPY, was exposed to profit-taking sales, pushing it towards the 144.92 support level.
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The USD/JPY pair has exhibited a minor retreat, yet prevailing indicators suggest the potential for an upward trajectory.
The content of the minutes of the last meeting of the US Federal Reserve increased the discrepancy between its policy and the policy of the Bank of Japan
The USD/JPY has taken a modest step back, displaying a hint of uncertainty in its movement.
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The price of the USD/JPY currency pair increased from its sharp gains, reaching the resistance level of 145.86.
The USD/JPY exhibited a back-and-forth movement during the trading session, reflecting a sense of hesitation in the market.
The USD/JPY was almost flat against other currencies in Asian trading after better-than-expected economic data.