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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During Tuesday's trading session, the USD/JPY demonstrated some upward momentum, as the latter currency continues to suffer due to the Bank of Japan's monetary policy.
After the closing of last week’s transactions, the price of the USD/JPY currency pair stabilized around its highest gain in two months.
On Monday, the USD/JPY experienced a minor pullback in its bullish trend, but it remains a very strong currency.
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The USD/JPY moved higher going into the weekend, and in early trading this morning the currency pair sustained its upwards momentum.
The Japanese yen was near the bottom of the group of major currencies in the last session of last week's trading.
The USD/JPY made an interesting move during Friday's session, as it was sold down to the 200-Day EMA, only to bounce back up again.
The USD/JPY has rallied during Thursday's trading session as the market closely monitors the ¥135 level.
The return of the look of the clear divergence between the future of the Japanese central bank’s policy, even under new leadership, and the policy of the US Federal Reserve.
The USD/JPY currency pair experienced a slight pullback as the ¥135 level continues to provide some resistance.
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Increasing expectations about the future of raising US interest rates helped the bulls of the USD/JPY currency pair to move toward the 135.22 resistance level yesterday.
During Tuesday's trading session, the US dollar rallied and approached the ¥135 level, which has been both a support and resistance level in recent times.
For four consecutive trading sessions, the USD/JPY currency pair settled around the recent bullish rebound gains, which affected the 135.10 resistance level.
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On Monday's trading session, the US dollar traded back and forth against the Japanese yen.
The clarity of the vision for the future of the Japanese central bank’s policy under new leadership and the increasing positive momentum for the US dollar are due to stronger-than-expected figures for the US economic sectors.
The USD/JPY is trading near the 134.000 level as of this writing with rather a fast price action in gear.