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 trading sessions in a row, the bulls failed to push the USD/JPY currency pair to more than the 135.58 resistance level.
The USD/JPY currency pair continues to hang around the 50-Day EMA as we are going back and forth around the ¥135 level.
The price of the USD/JPY currency pair may remain stable around its recent gains, following the strong US jobs numbers, until the most important event this week is announced.
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The USD/JPY currency pair pulled back ever so slightly on Monday as the ¥135 level has offered a little bit of resistance.
The USD/JPY currency pair started from the support level of 130.40 to the resistance level of 135.50 on Friday, after the announcement that US job numbers were stronger than all expectations.
The USD/JPY currency pair rallied significantly Friday to break above the ¥135 level.
The US dollar has pulled back from the 50 Day EMA against the Japanese yen in trading on Thursday as we wait for the Non-Farm Payroll numbers.
For three trading sessions in a row, the bulls are moving at the price of the USD/JPY currency pair to the upside until the US jobs numbers are announced tomorrow, Friday.
The USD/JPY has reversed upwards after hitting depths early this week that had not been seen since the first week of June.
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The USD/JPY currency pair initially pulled back Wednesday but found enough buyers underneath to turn this market around.
For the second day in a row, the price of the USD/JPY currency pair is trying to recover higher with gains to the resistance level of 133.90 today.
The US dollar turned around against the Japanese yen on Tuesday as we had broken below the ¥132.50 level.
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Sign up to get the latest market updates and free signals directly to your inbox.As the performance by the end of last week's trading, the USD/JPY currency pair completed the downward path, extending its losses towards the 131.60 support level
The US dollar fell again against the Japanese yen on Monday as we continue to see a lot of problems out there.
A trading week dominated by bears towards the US dollar pairs, and the price of the US dollar against the Japanese yen (USD/JPY) currency pair moved amid bearish momentum