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 Japanese yen has fallen below 154.60 yen against the US dollar, reaching a 14-week low.
The USD/JPY traded at a high early this morning not seen since the end of July, a collision of nervous sentiment and risk events has led to the bullish climb in the currency pair, today there is the Fed.
Amid performance fluctuations and selling pressure, the USD/JPY pair is trading around 151.35 at the time of analysis. Overall, the pair is expected to take cues from the U.S. presidential election outcome.
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Amid a neutral stance with a bullish bias, the USD/JPY currency pair may be influenced by signals from the US elections and the FOMC decision this week.
The Japanese yen traded around 153.30 yen against the US dollar on Tuesday, hovering near its three-month low and remaining under pressure from political uncertainty after Japan's ruling coalition lost its parliamentary majority in weekend elections.
The USD/JPY exchange rate declined amid a broader weakening of the US dollar and increased talk of intervention in the forex market by Japanese authorities.
The Japanese yen fell below 153 yen against the US dollar on Wednesday, hitting its lowest level in nearly three months.
The Japanese Yen depreciated to 152.25 yen against the US dollar on Wednesday, reaching its lowest level in nearly three months and breaching the psychological barrier of 150 yen against the US dollar.
At the beginning of this week, the Japanese Yen declined below 150.80 yen per US dollar, the highest level for the currency pair in more than two months.
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The USD/JPY exchange rate continued to rise as the US Dollar Index (DXY) and bond yields rose to their highest point in months.
The US dollar was very stout during the trading session on Thursday as we have now broken above the crucial 150 yen level.
The Japanese yen rose to around 149.3 against the US dollar on Thursday, but remained close to an 11-week low as investors reacted to disappointing trade
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Decisively, the USD/JPY price will remain subject to signals from global central bank officials and the extent of investors' risk appetite or not.
The day has been fairly noisy on Tuesday in the dollar against the Japanese yen as the 150 yen level continues to be a massive barrier.
The Japanese yen has declined to the brink of 150 yen per US dollar, heading towards its lowest levels since early August.