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 is trading near the 139.800 ratios as of this writing.
During Wednesday's trading session, the US dollar experienced a slight initial decline against the Japanese yen, following the recent upward pressure in the market.
In recent technical analyses, amid a strong and sharp bullish momentum for the USD/JPY currency pair, it indicated that the technical indicators moved towards strong overbought levels.
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During Tuesday's trading session, the US dollar experienced a pullback, possibly due to the pair's overstretched condition.
For three trading sessions in a row, the bulls settle in the US dollar currency pair against the Japanese yen USD/JPY in the vicinity of the resistance level 140.91, its highest in six months
The USD/JPY initially attempted to rally during Monday's trading session but encountered hesitation and gave back its gains.
Speculators lifted their bearish stance on the Japanese yen to the highest level in nearly a year as the currency extended its slide against the dollar as markets boosted
The USD/JPY began Friday's trading session with a decline but quickly found support, attracting eager traders looking to join the upward momentum.
The US dollar experienced an initial decline during Thursday's trading session but quickly reversed course, demonstrating signs of strength.
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Investors' continued abandonment of the Japanese yen in light of the continued easing policy of the Japanese Central Bank and the lack of benefit from the markets.
The US dollar had a mixed performance in Wednesday's trading session, oscillating around the recently broken ascending triangle pattern.
The current strong upward path for the USD/JPY currency pair, which tested the 138.91 resistance level, before settling around 138.50 at the time of writing, will strengthen
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The USD/JPY encountered an initial drop during Monday's trading session, reflecting the ongoing volatile behavior in the market.
By the end of last week's trading, the Japanese yen was trading relatively flat against some of the major currencies.