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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A state of instability and caution dominates the performance of the USD/JPY exchange rate since the start of this important and exciting week's trading.
The USD/JPY currency pair experienced a modest rally, reaching towards the ¥132.50 level, which is the top of the range from the previous session.
Traders of the USD/JPY have had the ability to watch a rather consolidated handful of calm results in one of the world’s most sophisticated Forex pairs.
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At the beginning of this week's trading, the bears continued to control the direction of the USD/JPY currency pair.
The US dollar initially attempted to rally against the Japanese yen during Monday's trading session but has since plunged due to the ongoing volatility in interest rate markets worldwide.
Most of last week’s trading was generally bearish for the USD/JPY currency pair, with losses that reached the support level of 131.55, before closing around the support level of 131.82.
The US dollar has experienced a slight pullback against the Japanese yen on Friday, primarily driven by fluctuations in the global interest rate market.
The USD/JPY has retreated slightly during Thursday's trading session, retesting the ¥132.50 level.
For three consecutive trading sessions, the USD/JPY currency pair settled in a range between the 132.26 level and the 135.10 resistance level, in a neutral position.
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The USD/JPY exchange rate attempted to rally during Wednesday's trading session, reaching for the ¥135 level, an area that had previously acted as resistance.
The USD/JPY is trading near the 133.180 ratios as of this writing.
US dollar exchange rates regained some ground on Tuesday after US core CPI inflation came in higher than expected at 0.5% on a monthly basis.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar saw a slight rally during the recent trading session, showing signs of stability against the Japanese yen.
The US dollar extends its losses against the rest of the major currencies as the SVB repercussions limit the expectations of a US interest rate hike.
The US dollar started the week with some negativity, with the US dollar/Japanese yen pair showing a lot of back and forth movements.