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 US dollar initially tried to rally during the trading session on Friday but gave back the gains at the ¥107 level for the third day in a row, showing real weakness.
The US dollar initially fell during the trading session on Thursday, and then shot higher.
For the fifth day in a row, the USD/JPY pair is trying to correct upward, but gains did not exceed the 107.01 resistance before settling around 106.85 at the time of writing.
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The US dollar has rallied a bit during the trading session again on Wednesday, as the Japanese yen loses a bit of its potency.
Ahead of the announcement of the important consumption figures to measure the US inflation, the USD/JPY is moving in a cautious upward correction that pushed it towards the 106.79 resistance in Wednesday morning trading.
The US dollar has rallied rather significantly during the trading session on Tuesday, breaking towards the 50 day EMA.
For three trading sessions in a row, the USD/JPY has been trying to correct to the upside, but gains did not exceed the 106.20 level, now the pair remains stable around that level at the time of writing.
The US dollar rallied significantly during the trading session initially on Monday against the Japanese yen but gave back a significant amount of the gains to form a bit of a shooting star.
The US dollar showed some strength against other major currencies during last Friday's trading session, after data showed a larger than expected increase in US employment
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The US dollar has rallied significantly against the Japanese yen during trading on Friday after the Non-Farm Payroll report.
The US dollar has gone back and forth during the trading session again on Thursday as the markets get ready for the Non-Farm Payroll numbers.
Continuous USD/JPY bearish momentum is pushing it towards the 105.31 support.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar has fallen a bit during the trading session on Tuesday against the Japanese yen, as we continue to see a lot of noise.
The US dollar's gains did not last long, as after the positive start for the USD/JPY this week pushing it towards the 106.47 resistance, the American currency did not find enough motivation to complete that attempt.
The US dollar initially tried to rally on Tuesday but gave back quite a bit of the gains to show signs of exhaustion.