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 dollar against the Japanese yen USD/JPY is still heading to the upside, despite the currency pair's collapse on Friday to the support level at 134.11, its lowest in two weeks
The US dollar made an attempt to rally during Friday's trading session but gave back gains as the Non-Farm Payroll announcement came out.
The USD/JPY has shown some weakness against the Japanese yen during Thursday's trading session, solidifying the idea of the ¥137.50-¥138 level being a significant resistance barrier.
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The US dollar has outperformed well out of the other major currencies and continues to rise against most of them today as well.
The USD/JPY is near the 136.700 ratios as of this writing and is lingering around values produced last Friday.
The US dollar has rallied significantly against the Japanese yen during Wednesday's early trading hours.
The positive performance of the US dollar currency pair against the Japanese yen USD/JPY culminated yesterday in obtaining a strong and positive momentum for the US dollar.
The US dollar is expected to continue its upward momentum against the Japanese yen in the near term, according to recent market analysis.
The bulls’ control over the direction of the price of the USD/JPY currency pair awaits the reaction from the testimony of US Central Bank Governor Jerome Powell today and tomorrow.
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On Monday, the US dollar experienced a slight decline early in the trading session against the Japanese yen, but it quickly rebounded as buyers stepped in, allowing it to continue its recovery trend.
US job growth likely moderated last month after the sharp pace in January, while the country's unemployment rate was likely to hold steady at a 53-year low.
During Friday's trading session, the USD/JPY pulled back slightly, with the market appearing to head towards the ¥136 level in the short term.
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The US dollar made an attempt to rally during Wednesday's trading session but quickly gave back its gains.
For four trading sessions in a row, every time the bulls try to push the USD/JPY currency pair to cross the resistance barrier at 136.92, its highest in two months, it is exposed to profit-taking sales.
The bulls’ control over the performance of the price of the USD/JPY currency pair increased during this week’s trading.