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 four consecutive trading sessions, the USD/JPY exchange rate is trying to rebound from the recent sharp collapse amid the Bank of Japan's aggressive surprise.
There is no doubt that the sudden change in the policy of the Central Bank of Japan caused a devastating tsunami for other major currencies against the Japanese yen.
This week is a little fluid. The Japanese yen achieved its best performance this year after the Bank of Japan (BoJ) shocked global financial markets
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At the beginning of this week's trading, the Japanese yen fell, after reports of a possible change in a key agreement between the government and the Japanese central bank fueled by speculative policymakers approaching a tight pivot point.
In the last two trading sessions for the past week, the price of the USD/JPY currency pair moved amid attempts to bounce back with gains towards the level of 138.17.
Throughout this week's trading, the price of the USD/JPY currency pair did not find any momentum to stop the downward retracement path.
The decline in US inflation figures, less than expected, contributed to pressure on the US dollar against the rest of the other major currencies.
The USD/JPY rallied a bit during the trading session on Monday, as we continue to bounce from the 200-Day EMA.
Since the start of trading this week, the price of the USD/JPY currency pair moved towards upward levels
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Bearish pressure remained in control of the performance of the USD/JPY currency pair during last week's trading.
The recent upward rebound attempts of the USD/JPY currency pair stopped at 137.85 yesterday.
The USD/JPY initially tried to rally during the trading session on Wednesday but pulled back a bit as we approached the ¥138 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Since the start of this week's trading, the price of the USD/JPY currency pair is in an upward retracement.
The USD/JPY rallied a bit early during the trading session on Tuesday, but it looks like the giveback was rather quick as we have run out of momentum.
For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside, after strong and sharp selling to the currency pair.