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 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.
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The USD/JPY experienced an initial attempt to decline against the Japanese yen in Tuesday's trading session.
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.
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.
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For three consecutive trading sessions, the USD/JPY currency pair is exposed to profit-taking sales
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.
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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.
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