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 Monday, reaching towards the ¥108 level.
Instability was the characteristic of the USD/JPY performance during last week's trading, where the pair tried to correct upward, but gains did not exceed the 108.16 resistance
The US dollar did rally a little during the trading session on Friday as we had the Americans observing the Independence Day holiday on Friday, meaning that a lot of the liquidity simply was not there.
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The US dollar rallied a bit during the trading session on Thursday as the market is to find the ¥107.50 level as a bit of a magnet for price.
After several trading sessions during which the price of the USD/JPY pair attempted to correct higher, and at a slow pace, the pair was unable to overcome the barrier
The US dollar initially tried to rally during the trading session on Wednesday but found the 200 day EMA to be a bit overly resistive to continue going higher.
The US dollar has rallied a bit during the trading session again on Tuesday, breaking slightly above the highs from the trading session on Monday.
After four trading sessions in which the USD/JPY pair attempted an upward correction with gains to 107.88, it returned to stability around the 107.55 level
The US dollar has rallied a bit against the Japanese yen during the trading session on Monday, as we have seen a bit of US dollar strength in general.
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For the fourth consecutive day, the USD/JPY pair is trying to reach higher, but its attempts have not crossed the 107.45 level barrier and is settling around the 107.20 level.
The US dollar has rallied a bit during the trading session on Thursday to reach towards the ¥107.50 level.
The US dollar has rallied during the trading session on Wednesday, taking back the losses from the Tuesday session.
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Sign up to get the latest market updates and free signals directly to your inbox.Yesterday's trading session was harsh for USD/JPY, as investors strongly abandoned the US dollar,
The US dollar initially tried to rally during the trading session on Tuesday and then turned around to fall towards the ¥106 level.
For several consecutive trading sessions, the USD/JPY currency pair stabilized in narrow ranges with a bearish bias, which may herald a strong movement coming in either direction.