USD/JPY continues to attract buyers despite warnings from Japanese officials about excessive currency movements.
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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USD/JPY broke above the important ¥159 resistance level as expectations of tighter Federal Reserve policy and the US-Japan interest-rate differential supported dollar buying.
The magic realm of 158.000 continues to be seen loud and clearly by all traders. At this moment the USD/JPY is traversing a sliver under this ratio near the 157.960 juncture with its typically fast results being displayed across trading screens.
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USD/JPY continues to trade sideways, with the dollar finding support around its 50-day and 200-day EMAs as carry-trade interest supports the bullish outlook.
USD/JPY recovered from an early decline following stronger-than-expected US employment figures, reinforcing the author's bullish outlook.
USD/JPY remains range-bound between support near the 200-day EMA and resistance at ¥159, with the interest rate differential between the US and Japan continuing to favor the dollar
USD/JPY continues to consolidate after bouncing from the 200-day EMA, with the favorable US-Japan interest rate differential supporting demand for the dollar.
USD/JPY continues to find support near the 200-day EMA as an ascending triangle develops beneath ¥159 resistance.
USD/JPY rallied toward ¥159 on Wednesday after hotter-than-expected US CPI data pushed Treasury yields higher, strengthening the dollar against the yen.
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USD/JPY edged higher on Monday despite thin holiday trading, as the wide interest rate differential between the US and Japan continued to support the dollar.
USD/JPY continues to attract buyers on pullbacks as rising US yields and a favorable interest rate differential support the dollar.
The USD/JPY trend is publicly being confronted by the Bank of Japan – and sometimes the U.S Treasury/Fed – and those who want to pursue what appears to be a consistently rising tide, must also acknowledge the tide reverses quickly.
USD/JPY faces a key test ahead of US Non-Farm Payrolls. A break above ¥159 would be bullish, while a move below ¥156.50 would weaken the outlook, although rate differentials continue to favor the dollar.
USD/JPY trades below key ¥158 resistance as US rate expectations pressure the dollar short term. The longer-term outlook remains bullish, with dips potentially attracting buyers.
USD/JPY holds near ¥158 as US rates support the dollar. PCE data could determine the next move, with BoJ intervention remaining a key risk.