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.
Most Recent
The USD/JPY has been recovering strongly, most recently reaching the 110.35 resistance level.
After a strong bearish momentum recently, the price of the USD/JPY currency pair pushed down to the 108.72 support level, the lowest in more than two months.
The bears completed the last downside path of the USD/JPY currency pair, as they succeeded in breaching the important support level 108.88.
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The downward pressure is still on the performance of the USD/JPY currency pair, as it settled in the beginning of August.
The USD/JPY continues to see a substantial bearish track displayed and current price value is within sight of mid-term support not touched since late May.
In the last two trading sessions of last week, the price of the USD/JPY currency pair remained stable below the psychological resistance level of 110.00.
The US Federal Reserve indicated that the Corona variable threat to the economic performance of the USA weakened the price of the US dollar against the rest of the other major currencies.
Investors temporarily abandoned buying the US dollar until they stand on the monetary policy decisions of the US Federal Reserve.
The price of the USD/JPY currency pair is clinging to stability around the psychological resistance level of 110.00 with the beginning of this important week’s trading.
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US Dollar and the Yen strength was negatively affected by raising fears of the rapid spread of the Corona Delta variable in sports delegations,
Investors' sentiment improved slightly, which gave the USD/JPY the opportunity to correct upwards, reaching the resistance level of 110.38.
For the second day in a row, the bulls are trying to push the price of the USD/JPY currency pair above the 110.00 psychological resistance.
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Risk aversion persists, as an increase in coronavirus infections in many countries has raised concerns about slowing global economic growth.
The bears tried to control the performance of the USD/JPY currency pair during last week's trading, but its losses stopped at the support level of 109.71.
At the beginning of this week’s trading, the price of the USD/JPY currency pair attempted to correct upwards.