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 fell a bit Friday, reaching down to the ¥133 level.
The US dollar has broken down during the trading session on Thursday, slicing below the bottom of the up-trending channel that I had been following.
After the Federal Reserve announced the US interest rate hike, as expected, the price of the US dollar against the Japanese yen gained an upward momentum.
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The USD/JPY pair initially rallied Wednesday but gave back gains to show signs of hesitation.
Amid bearish momentum, and for three trading sessions in a row, the USD/JPY currency pair is settling in narrow ranges between the support level of 135.56 and the level of 136.90
The USD/JPY has produced almost seemingly polite incremental gains the past two days of trading and is approaching intriguing short term resistance.
The USD/JPY pair went back and forth Tuesday in relatively quiet behavior.
For three trading sessions in a row, the price of the USD/JPY currency pair is moving amid a bearish momentum
The USD/JPY currency pair rallied a bit Monday as the Japanese yen recovery has stalled.
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Prior to the closing of last week’s trading, the price of the USD/JPY currency pair was exposed to profit-taking operations that pushed it towards the 135.56 support level on Friday.
The USD/JPY pair initially tried to rally Friday but then fell rather significantly.
The US dollar initially rallied during the training session on Thursday as we tried to rally a bit.
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Sign up to get the latest market updates and free signals directly to your inbox.For five trading sessions in a row, the price of the USD/JPY currency pair is moving in narrow ranges between the level of 137.38 and the level of 138.55.
The USD/JPY currency pair did very little Wednesday as we continue to levitate at high levels.
In the midst of profit-taking after the recent record gains, the USD/JPY currency pair is moving downwards, rebounding from its 24-year high of 139.38 resistance.