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 encountered a minor retreat in Tuesday's trading session, although it remained well-supported.
Trading in narrow ranges is what appears to be evident on the recent performance of the USD/JPY currency pair.
A rather cautious higher price range in the USD/JPY has made itself clear the past week of trading.
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The USD/JPY continues to exhibit significant sideways volatility against the Japanese yen, suggesting the formation of a bullish flag.
The course of the US dollar pairs is on an important date this week, with a package of economic data and influential events, led by the announcement of US interest rates.
The USD/JPY exhibited a modest rally during Friday's trading session, signaling a resurgence in its strength.
The bulls succeeded in pushing the price of the USD/JPY currency pair towards and above the psychological resistance 140.00 again
The neutral situation dominates the performance of the USD/JPY currency pair in the recent trading sessions, and the psychological resistance 140.00 still supports the bulls' control.
The USD/JPY experienced an initial attempt to decline against the Japanese yen in Tuesday's trading session.
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In light of the USD/JPY currency pair being greatly affected by the monetary policy divergence between the Japanese Central Bank, which adopts an easing policy
Traders should remain cognizant of the pair's inherent choppiness and exercise proper position sizing.
The odds of a US rate hike in June remain low as the latest US jobs report will give the Federal Reserve a reason to pause and suggest that the recent setback for the dollar could extend.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY exhibited a modest rally during Friday's trading session, driven by the Non-Farm Payroll announcement.
The USD/JPY displayed a back-and-forth movement during Thursday's trading session, reflecting the ongoing noisy behavior in the market.
For three consecutive trading sessions, the USD/JPY currency pair is exposed to profit-taking sales