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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Recently, the Japanese yen came under renewed pressure following the Bank of Japan's (BoJ) latest policy decision, as the bank failed to meet market expectations of reducing bond purchases.
The US dollar has rallied quite nicely during the early hours on Friday against the Japanese Yen, breaking above the 158 Yen level.
The greenback continues to levitate against the Japanese yen as we head towards a Bank of Japan meeting during the early hours on Friday.
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The USD/JPY pair's upward trajectory took a temporary pause after the release of lower-than-expected US inflation figures.
As the most important trading session of the week begins, the USD/JPY currency pair has settled around the 157.33 resistance level at the time of writing
Stay informed about the USD/JPY pair's upward momentum as the US dollar continues to exert pressure against the Japanese yen ahead of the FOMC meeting. Gain insights into market sentiment surrounding interest rate expectations and the impact on the yen's value.
USD/JPY price remained stable around the 157.10 resistance level.
At the start of this important trading week, the USD/JPY price rose to the 157.20 resistance level as investors and markets prepare for important and influential US and Japanese events.
The US dollar initially fell a bit during the trading session on Thursday but has turned around to show signs of strength yet again.
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The recent sell-off in USD/JPY has been halted in the past few weeks, supported by strong intervention from the Bank of Japan (BoJ).
Since the start of this week's trading, the USD/JPY exchange rate has been subject to selling operations that pushed it towards the support level of 154.54 at the time of writing the lowest analysis in two weeks.
The Japanese yen rose to around 155.80 yen against the US dollar, hovering near its strongest level in two weeks as the US dollar weakened on the back of weak US manufacturing data that supported expectations of rate cuts by the Federal Reserve.
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Sign up to get the latest market updates and free signals directly to your inbox.At the end of last week's trading, the Japanese yen stabilized against the US dollar after Japan confirmed that the government intervened in the forex market for the first time since 2022.
The dollar has rallied again against the Japanese yen and what would have been a very, very choppy market.
Since the beginning of today's trading session (Thursday), the USD/JPY exchange rate has been subjected to selling pressure.