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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For two trading sessions in a row, the bulls failed to push the USD/JPY through the resistance line at 106.56 and settled instead around the 105.85 support at the time of writing.
The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains near the 50 day EMA.
Investors abandoned safe havens recently, which allowed the USD/JPY pair to push up to the 106.57 resistance.
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The US dollar has rallied significantly during the trading session on Tuesday but has failed to break above the 50 day EMA.
The US dollar has rallied a bit during the trading session on Monday to kick off the week, but against the Japanese yen it has been extraordinarily sleepy.
During last week’s trading, the USD/JPY collapsed towards the 105.09 support.
The US dollar has gone back and forth during the trading session on Friday as we continue to see a lot of noise just below the ¥106 level.
The US dollar initially tried to rally against the Japanese yen during the trading session on Thursday but turned around to fall again as we have seen a lot of volatility in this pair
Despite the strength of the US dollar against other major currencies, the bounce gains for the USD/JPY did not exceed the 106.21 level around the time of writing.
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The US dollar has initially fallen against the Japanese yen to continue the downtrend during the trading session on Wednesday but has reversed course to reach towards the ¥105.75 level.
For four trading sessions in a row, the USD/JPY was under downward pressure that pushed it towards the 105.28 support before settling around 105.33 at the time of writing
The US dollar has fallen hard against the Japanese yen during trading on Tuesday, as we continue to see the greenback get hammered.
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For the third day in a row, the USD/JPY is moving in the same long-term downtrend towards the 105.92 support at the beginning of Tuesday's trading.
The US dollar fell hard during the Monday session to kick off the week, as the US dollar continues to lose value overall.
Prior to announcing a record and historical slowdown in the Japanese economy for the second quarter of 2020, the USD/JPY stabilized around the 106.50 support,