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 has fallen rather hard during trading on Thursday to reach down to the ¥142 level after the CPI figures coming out of the United States were 0.4% month over a month instead of the 0.6% expected.
Before the announcement of important US inflation figures, the price of the US dollar against the Japanese yen is trying to recover from its recent losses.
The US dollar has continued to sell off since the US job numbers were announced at the end of last week.
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Since the start of this week's trading, the price of the USD/JPY currency pair is settling lower around the support level 146.08 amid selling operations.
At the end of last week's trading, the US dollar fell against the rest of the other major currencies.
The US dollar strengthened in the hours following another big US interest rate hike and a clear message from Bank Governor Jerome Powell that further hikes were necessary to bring down inflation.
A state of instability dominates the performance of the USD/JPY currency pair.
The core measure of US inflation accelerated in September, while consumer spending remained resilient, indicating broad price pressures and strong demand
The US dollar is falling again against the Japanese yen on Wednesday, as we continue to see a bit of a pullback in this extraordinarily bullish market.
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The US dollar has initially dipped against the Japanese yen on Monday, but then turns around quite rapidly to form a bullish candlestick
The US dollar has gone back and forth against the Japanese yen during the trading session on Friday as the Bank of Japan has intervened.
The US dollar has rallied a bit during the trading session again on Wednesday as we continue to see the Japanese yen get crushed.
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The US dollar continues to look like it wants to rally against the Japanese yen, as we continue to see a lot of negativity when it comes to the Japanese yen.
The US dollar has spiked again during the trading session on Friday as the Bank of Japan continues to work against interest rates.