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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Despite mixed US retail sales figures, the USD/JPY remained stable around its gains of 114.40, nearly its highest level since October 2018.
The bullish path of the USD/JPY stopped at the 113.80 resistance as soon as the US Federal Reserve indicated that it may abandon bond purchases in the first half of 2022 if the economic performance continues to improve.
It's a particularly bearish trading week for the Japanese yen against the other major currencies.
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The Japanese yen continued its decline against the other major currencies, amid hopes of a wider divergence in interest rates between the US and Japan.
The USD/JPY is brushing aside resistance levels with ease and has long-term higher values in sight, and the past couple of trading days have seen price velocity increase.
Despite US jobs figures coming in below expectations, the USD/JPY completed the upward path and hit the resistance level of 112.25 by the end of last week.
The USD/JPY pair has been trying to break through the 112.00 psychological resistance again, which strengthens the current bullish outlook for the pair.
Selloffs moved the currency pair towards the 110.83 level, where it has settled at the beginning of today's trading.
The USD/JPY has been strongly bullish, hovering above the 110.00 psychological resistance last week amid increased risk appetite for the US dollar.
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The USD/JPY has turned in a strong bullish surge the past week of trading and is now challenging long-term highs as traders contemplate the exuberant trend.
The Federal Reserve’s determination to move towards tightening its monetary policy still supports the US dollar against the rest of the other major currencies.
The US dollar is continuing to enjoy upward momentum amid expectations of raising US interest rates soon and investors abandoning the Japanese yen until the selection of the new Japanese prime minister.
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Sign up to get the latest market updates and free signals directly to your inbox.Despite the Federal Reserve's clear indications to tighten its monetary policy, the USD/JPY remained stable in a range between the 109.11 support and the 109.92 resistance, where it has settled as of this writing.
A slight reversal higher in early USD/JPY trading this morning has been demonstrated, but short-term speculators should still consider the larger trend.
Amid bearish pressure and sell-offs, the USD/JPY pair will see the US Federal Reserve's policy decisions today.