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 initially fallen during the trading session on Friday but then turned around to show signs of life again.
The US dollar has rallied initially during the trading session on Thursday but then broke down significantly to show signs of weakness against the Japanese yen again.
The US dollar continues to struggle to break out to the upside, as the ¥110 level continues to be a massive problem when it comes to the buyers going forward.
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The US dollar has initially tried to rally during the trading session on Tuesday, but as you can see, we have in fact pulled back yet again from the same basic area.
For three consecutive trading sessions, the USD/JPY is trying to breach the 109.70 resistance to complete the general trend reversal.
The US dollar has rallied a bit during the trading session on Monday but continues to look a little bit hesitant to try to break out against the Japanese yen.
Following the announcement of a phase-one trade deal between the US and China, that failed to meet even reduced expectations, the USD/JPY spiked into its resistance zone.
The US dollar has shot higher during the trading session on Thursday, slamming into the 61.8% Fibonacci retracement level.
US dollar has been all over the place during the trading session on Wednesday, as the market was awaiting the Federal Reserve statement.
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The US dollar gained a bit during the trading session on Tuesday, breaking the top of a fat hammer that formed on Monday.
The US dollar had initially pulled back during the trading session on Monday but has turned around to show signs of life again.
The USD/JPY price of the pair did not react much to the announcement a better than expected results for US jobs during the month of November.
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The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as there have been a lot of back and forth traders in the market.
The US dollar has initially pulled back against the Japanese yen during the trading session on Wednesday but found enough support at the ¥108.50 level again to turn around and bounce.