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 USD/JPY bounced a bit against the Japanese yen during the trading session on Monday, gaining over 1.5% by the time the Americans came on board.
This is a strong bearish trading week for the performance of the USD/JPY currency pair.
For two days in a row, the price of the USD/JPY currency pair is moving amid an upward rebound with gains, towards the 139.90 resistance level.
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Today’s trading session will be important for the performance of the price of the US dollar currency pair against the Japanese yen, USD/JPY
The USD/JPY has fallen a bit during the trading session on Tuesday, as we continue to hang on to the same trendline we have been up against for a while.
The US dollar has fallen a bit during the trading session on Monday but found enough support underneath the uptrend line to show signs of life and bounce a bit.
The USD/JPY currency pair had a new bearish trading week in terms of performance, as it moved towards the 138.05 support level, which is an important support area in the path of the currency pair.
After the recent upward rebound attempts of the USD/JPY currency pair, reaching the resistance level of 142.25, the selling of the US dollar was renewed ahead of the American holiday
Amidst the bullish momentum enjoyed by the performance of the USD/JPY currency pair, the pair is awaiting important and influential US economic data.
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Since the start of trading this week, the price of the USD/JPY currency pair is in an upward retracement mode, breaching the psychological resistance 140.00
Throughout last week's trading, the price of the USD/JPY currency pair attempted an upward rebound.
For the fourth day in a row, the bears fail to push the USD/JPY currency pair below the support level of 137.67.
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For the second day in a row, the price of the USD/JPY currency pair is trying to rebound higher.
The USD/JPY bounced a bit during the trading session on Monday, gaining over 1% as the bloodbath against the yen seems to be abating.