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 gapped a bit lower during the trading session on Monday, but then turned around to fill that gap.
After two weeks in a row, during which the Japanese yen managed to achieve strong gains against other major currencies, the price of the USD/JPY currency pair, surged towards the 106.66 support, before it closed last week's trading around the 106.88 level.
The US dollar fell slightly during the trading session on Thursday, as we continue to see a lot of volatility, and at this point, the market is trying to figure out where to go next.
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The US dollar has gone back and forth during the trading session again on Thursday, as we simply have nowhere to be when it comes to trading the greenback against the Japanese yen.
The US dollar has initially tried to break above the ¥107.50 level but then pulled back a bit to show signs of exhaustion.
During yesterday's session, the USD/JPY traded within a limited range that did not exceed 40 points.
The US dollar rallied a bit during the trading session, reaching towards the ¥107.50 level.
Before the announcement of the Japanese central bank monetary policy today, the USD/JPY pair remained under downward pressure.
The US dollar has gone back and forth during the trading session on Monday, as markets still have no idea what to do with themselves
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After four straight bearish sessions for the USD/JPY last week, the pair collapsed to the 106.56 support, the lowest level for a month.
The US dollar has rallied nicely against the Japanese yen during the trading session on Friday.
The US dollar has fallen a bit during the trading session on Thursday, breaking below the ¥107 level.
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The US dollar has fallen pretty significantly during the trading session again on Tuesday, as we reached towards the ¥107.50 level.
The Japanese yen has strengthened quite a bit against the US dollar during trading on Monday, as traders brought the pair back towards the 200 day EMA.