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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To complete the upward correction path for the performance of the USD/JPY currency pair, the US Central Bank contributed to providing more momentum to push the pair towards the 110.82 resistance level.
The USD/JPY saw a sudden burst of volatility late last night upon the interest rate policy statement from the U.S Federal Reserve.
For the third consecutive day, the bulls are settling at the price of the USD/JPY currency pair above the 110.00 psychological resistance.
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For six trading sessions in a row, the price of the USD/JPY currency pair is moving within the range of an ascending channel, after which it tested the resistance level 110.15 in early trading today.
The USD/JPY is trading slightly above the 110.000 level as of this writing, and if the higher value is sustained, it could spark speculative wagers.
Last week, the positive performance of the USD/JPY currency pair and the rebound gains reached the resistance level of 109.85 before closing trading stable around the 109.68 level.
For three trading sessions in a row, the USD/JPY currency pair is trying to correct higher ahead of the release of US inflation figures.
The USD/JPY may continue to move in a narrow and limited range until the release of US inflation figures, the most powerful factor affecting the performance of the US dollar in the Forex market this week.
For three trading sessions in a row, selloffs in the USD/JPY pair pushed it towards the 109.18 support level before settling around the 109.25 level at the beginning Tuesday's trading.
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The USD/JPY has come off its recent highs, but it is certainly still within sight of the important 110.000 level, which may prove attractive to bullish speculators.
The recent US jobs data did not provide the USD/JPY pair with enough momentum to go higher than the 110.32 resistance level, a 2-month high.
For the second day in a row, the USD/JPY currency pair is trying to breach the 110.00 psychological resistance level to get out of the quagmire of the decline.
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A new bearish start for USD/JPY, as it retreated at the beginning of this week's trading.
Investors abandoned the Japanese yen recently due a renewed outbreak of COVID-19 in Japan and the country’s slow pace of vaccinations, which impede the economic recovery of Japan.
For the third day in a row, the price of the US dollar against the Japanese yen moves in an upward correction range that moved towards the resistance level 109.20