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 US dollar has rallied significantly during the course of the early hours on Mondays as we continue to see the interest rate differential come into the picture and influence the market.
Despite US inflation figures exceeding consensus and hawkish comments from Fed policymakers failing to give the US dollar a new upward momentum, suggesting that the October rally is fading, the yen's recent weakening.
The Japanese yen has declined below 149.50 yen against the US dollar, heading towards its lowest levels since early August.
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The Japanese yen remained weak at around 148.55 yen per US dollar on Wednesday after falling to its lowest level in seven weeks in the previous session, as investors continued to assess the Bank of Japan's monetary policy outlook.
The recent cautious comments from Japanese central bank officials regarding further tightening brought a lot of losses to the Japanese yen against other major currencies and gave up a lot of its sharp gains.
At the beginning of this week, the weakness of the Japanese yen prompted new verbal warnings.
The Japanese yen depreciated to around 147.20 yen against the US dollar today, Thursday, hitting a month-low after new Japanese Prime Minister Shigeru Ishiba
The Japanese yen fell below 144 against the US dollar, falling for the second consecutive session, after US Federal Reserve Chairman Jerome Powell dismissed bets on further large cuts to US interest rates.
Amid the successive news about developments in the oil-rich Middle East region and the possibility of a large-scale war coinciding with the change in the policies of global central banks, the US dollar against the Japanese yen USD/JPY is moving in a range between 141.64 and 143.90 at the beginning of this exciting week's trading
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The USD/JPY pair rebounded in mid-week trading to reach the resistance level of 144.60, recovering from earlier losses that had taken it to the support level of 142.88.
The USD/JPY pair rebounded in mid-week trading to reach the resistance level of 144.60, recovering from earlier losses that had taken it to the support level of 142.88.
The Japanese yen fell below 144.65 yen against the US dollar, heading towards a three-week low after Bank of Japan Governor Kazuo Ueda said the bank has time to assess market and economic developments before adjusting monetary policy, suggesting the Japanese central bank is in no rush to raise interest rates further.
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The US dollar has rallied a bit against the Japanese yen in the early hours on Tuesday to break above the crucial 144 yen level before turning around and forming an exhaustion candlestick.
On Monday, the Japanese yen declined to over 144.40 yen against the US dollar in thin trading, continuing losses incurred last week amid concerns that the Bank of Japan is in no hurry to raise interest rates.
The Japanese yen declined once more to over 144.40 yen against the US dollar on Friday, reversing earlier session gains, after Bank of Japan Governor Kazuo Ueda acknowledged "some weakness" in the economy, a slightly more dovish tone than previous statements.