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 stronger than expected Chinese trade data also affected the dollar.
The US dollar has fallen against the Japanese yen during the trading session on Tuesday, reaching down towards the vital ¥107 level.
The US dollar fell hard against the Japanese yen to kick off the week on Monday, but it should be noted that liquidity may have been a bit of an issue
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The US dollar was very quiet during Good Friday against the Japanese yen as one would expect, being a major holiday around the world.
The US dollar has initially tried to rally during the day on Thursday but gave back the gains as we continue to tread water around the 50 day EMA
The USD/JPY is trying to maintain the 109.00 resistance to be able to move within its newly formed bullish channel.
The US dollar has gone back and forth during the trading session on Wednesday, as the market simply has no direction against the Japanese yen
The USD/JPY pair remained under downward pressure pushing it towards the 108.66 support before settling around the 108.80 at the time of writing.
The US dollar pulled back a bit against the Japanese yen during the trading session on Tuesday, as the ¥109.50 level has been a bit too much to overcome.
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Japan unveiled a record-breaking ¥108 trillion economic stimuli, equivalent of 20% of GDP.
The US dollar has rallied a bit against the Japanese yen, breaking significantly above the resistance that we had seen over the last couple of days.
The US dollar rallied a bit against the Japanese yen during the trading session on Friday, despite the fact that the jobs number in America was absolutely miserable.
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The US dollar has rallied against the Japanese yen during the trading session on Thursday, breaking much higher after getting horrific initial jobless claims.
The US dollar initially tried to rally against the Japanese yen during trading on Wednesday, as we have fallen towards the ¥107 level.
The US dollar has initially tried to rally during the trading session on Tuesday but gave back a huge amount of gains