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 has broken down significantly during the trading session on Friday as stock markets got hit on the way out the door.
With the rise in confirmed cases as well as a growing death toll in the coronavirus, crippling the global supply chain, safe-haven assets like the Japanese Yen are in demand.
The US dollar has pulled back a bit against the Japanese yen during the trading session on Thursday, reaching towards the ¥108.50 level.
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The US dollar has gapped lower to kick off the week as fears about the coronavirus in the Chinese mainland continue to have people running for cover.
The US dollar has pulled back a bit during the trading session on Thursday against the Japanese yen, reaching down towards the 50 day EMA before bouncing.
The US dollar tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to form a less than impressive candlestick.
The US dollar has broken down significantly during the trading session on Tuesday, grinding below the ¥110 level later in the day.
The US dollar has rallied slightly during the trading session against the Japanese yen on Monday.
For the second week in a row, the price of the USD/JPY pair continues its bullish correction, and gains were crowned by moving towards the 110.28 resistance
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While Japanese economic data continues to disappoint, the Japanese Yen may rally on the back of safe-haven demand amid a weaker than the priced-in global economy.
The US dollar went back and forth during the trading session on Friday as we had broken above the ¥110 level, but still are simply sitting around
The US dollar has rallied quite nicely during the trading session on Thursday, breaking above the ¥110 level again.
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The US dollar fell a bit during the trading session on Wednesday against the Japanese yen but has recovered a bit to turn around and show signs of life again.
The US dollar rallied a bit during the trading session on Tuesday but gave back most of the gains in order to pullback and form a bit of a shooting star.