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 experienced a slight retreat during Monday's trading session, as it tested the ¥138 level.
The US dollar experienced initial weakness during Friday's trading session, briefly breaking down before displaying signs of recovery around the critical ¥138.
The US dollar has shown signs of stabilization against the Japanese yen following a significant selloff.
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The US dollar fell strongly after US inflation figures came in below expectations and eased pressure on the US Federal Reserve to raise interest rates
The US dollar experienced a significant decline, breaching the 50-Day EMA and diving further into what appears to be a previous bullish flag pattern.
For the second week in a row, the price of the USD/JPY currency pair is exposed to profit-taking sales that pushed it towards the support level 139.32.
During Tuesday's trading session, the US dollar experienced a modest decline, leading it to test the crucial 50-Day Exponential Moving Average.
The strong and sharp gains of the USD/JPY currency pair, which moved all technical indicators on all timeframes towards strong overbought levels, may be followed by profit-taking sales at any time.
The US dollar made an initial attempt to rally during Monday's trading session but quickly retraced its gains.
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The recent selling of the USD/JPY currency pair increased its pace during last Friday's session, as it collapsed towards the support level of 142.06.
During Friday's trading session, the US dollar experienced significant weakness, plunging below the crucial ¥142.50 level.
The USD/JPY experienced a decline on Thursday, as market participants took profits after an extended period of upward momentum.
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I indicated in the recent technical analysis the stability of the USD/JPY currency pair for several trading sessions.
The USD/JPY is trading near the 143.900 mark as of this writing.
During Wednesday's trading session, the USD/JPY dollar displayed uncertainty, oscillating as market participants attempt to determine the next course of action.