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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There has been little change in the performance of the USD/JPY, as it is still stable around its highest in eight months now, at 144.45, and its highest recent resistance was around the 145.06 resistance level.
During Tuesday's trading session, the US dollar experienced a minor retreat, potentially influenced by reduced liquidity due to Independence Day celebrations.
The Japanese yen continued to decline even after the Bank of Japan showed signs of tightening.
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The US dollar initially attempted to rally during Monday's session but encountered some resistance, signaling a possible pause in its upward trajectory.
The USD/JPY has experienced a minor retreat in recent trading sessions, only to regain its strength and resume its upward trajectory.
During Wednesday's trading session, the US dollar initially retreated slightly but swiftly demonstrated a resurgence against the Japanese yen.
Japanese policymakers and business leaders seem more optimistic about the recent slide in the yen than they were about the crash that triggered intervention last year
During Tuesday's trading session, the USD/JPY displayed a back-and-forth movement, reflecting an effort to correct some recent excessive gains.
According to recent trading, the Japanese yen has resumed its downward trend.
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It seems that the recent stability of the performance of the USD/JPY currency pair turned its strongest gains towards the resistance level 143.88 on an important date today
The USD/JPY experienced a pullback in Monday's trading session, but the ¥142.50 level could serve as a potential support area.
The bearish pressure on the Japanese yen increased again, coinciding with the confirmation of the future tightening of the US Federal Reserve's policy.
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The USD/JPY exhibited a slight rally against the Japanese yen during Friday's trading session.
During Thursday’s trading session, the USD/JPY experienced a modest rally, indicating sustained upward pressure and a positive outlook for the currency.
US central bank officials affirmed the continuation of the US interest rate hike policy.