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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For two days in a row, the price of the USD/JPY currency pair is exposed amid profit-taking sales, with losses affecting the support level 131.52, and settling around the level of 131.70 at the time of writing the analysis.
The sudden production cut by OPEC sent oil prices higher, which is beneficial to the US dollar.
On Monday's trading session, the USD/JPY initially rallied but struggled at the 200-day EMA, with a shooting star candlestick on Friday suggesting significant resistance in this area.
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Last week's trading was generally bullish for the performance of the price of the USD/JPY currency pair, amid investors' abandonment of the Japanese yen.
Analysis of the dollar against the yen USD/JPY and its positive performance ahead of important and influential data for four consecutive trading sessions.
The USD/JPY has seen rather a brisk trading the past few days as financial houses have reacted to nervousness within the broad markets and have created quick price velocity.
The US dollar has rallied significantly against the Japanese yen during Wednesday's trading session, reaching the crucial ¥132.50 barrier.
The USD/JPY pair had a volatile trading session on Tuesday, as the market initially pulled back but found buyers at the ¥130 level.
For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside to compensate for its recent sharp losses.
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The USD/JPY rallied significantly during Monday's trading session, driven by an 11 basis points rally in the 2-year yield.
Risk aversion and the continued selling of the US dollar since the recent US Federal Reserve announcement allowed the bears to push the price
The USD/JPY has fallen significantly on Friday to show signs of hesitation in its resumption of any type of uptrend.
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The pound, the euro, and other major currencies rose against the US dollar in initial response to the Federal Reserve's decision to raise US interest rates by 25 basis points.
The US dollar experienced a slight rally during Wednesday's trading session, indicating signs of life as the market anticipates the FED rate decision.