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 modest rally during Wednesday's trading session, indicating sustained upward pressure.
During Tuesday's trading session, the USD/JPY showcased significant volatility, continuing the trend of noisy behavior.
The continuation of the clear divergence between the policy of the Japanese Central Bank's indulgent policy and the Federal Reserve Bank
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For three consecutive trading sessions, the price of the USD/JPY currency pair stabilized around its recent strong gains.
During Monday's trading session, the US dollar made a modest attempt at rallying against the Japanese yen.
Despite stopping the path of US interest rate hikes, the contrast is still strong between the policy of the soft Japanese central bank and the US Federal Reserve.
The USD/JPY experienced a significant rally during Thursday's trading session, breaking well above the ¥140 level.
The Japanese yen plunged to its lowest level since November as investors shifted their focus from the Fed's hawkish decision to the Bank of Japan's policy decision on Friday.
The USD/JPY showed a slight retreat during Wednesday's trading session as market participants await the Federal Reserve statement.
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Investors strongly abandoned the Japanese yen again, which allowed the bulls to push the USD/JPY currency pair to move towards the 140.30 resistance level.
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.
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Sign up to get the latest market updates and free signals directly to your inbox.A rather cautious higher price range in the USD/JPY has made itself clear the past week of trading.
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.