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 continuous downward momentum of the US dollar against the Japanese yen pushed it during this week’s trading to the 108.55 support level.
The pace of risk appetite affecting global financial markets, including the forex market, weakened the Japanese yen as the safe haven currency.
In light of the continuing pressures on the US dollar, the share USD/JPY, during last week’s trading, retreated to the support level of 108.57.
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We noticed a strong activity for the US dollar against the Japanese yen yesterday, as the bulls tried to break the strong downtrend of the currency pair.
The bears succeeded due to factors supporting them in pushing the US dollar against the Japanese yen towards the 108.83 support before settling around the 108.93 level
Sell-offs in the USD/JPY pushed the pair towards the 109.07 support level at the beginning of trading this week before settling around 109.25 at the beginning of Tuesday's trading.
In its best daily performance of the year, the USD/JPY moved to the 109.70 resistance level yesterday, where it stabilized near at the beginning of trading on Thursday.
The USD/JPY's hemorrhage of losses continues, reaching the 108.35 support level before settling around 108.70 as of this writing, ahead of the US inflation figures.
DOT/USD has struggled within a rather consolidated range and speculators maybe losing their patience, but opportunities near support levels may exist.
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The US jobs numbers are still negatively affecting the performance of the US dollar against the rest of the other major currencies.
After two weeks of correcting upwards, the USD/JPY's gains were capped by a move towards the 109.70 resistance, the highest in a month.
After a recent upward correction, the USD/JPY's gains stopped at the 109.70 resistance level and returned to settle around 109.15 as of this writing.
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Sign up to get the latest market updates and free signals directly to your inbox.The 110.00 psychological peak remains a crucial target for bull to continue the USD/JPY's recent upward correction.
The USD/JPY’s retracement gains this week pushed the pair towards the 109.69 resistance before settling around 109.45 as of this writing.
The bulls dominated the performance of the USD/JPY to some extent, with gains that pushed the pair to the 109.34 resistance level, where it closed the week’s trading.