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 fell during the trading session against the Japanese yen on Thursday as we had finally got a bit of an answer to the question of whether or not the 50% Fibonacci retracement level would cause problems.
The US dollar has rallied again during the trading session on Wednesday, as the Federal Reserve was a little less dovish than people had anticipated.
Attempts to bounce the USD / JPY pair around the 108.36 resistance level a month and a half ago have been put on hold for awaiting the announcement of Federal Reserve monetary policy decisions and important remarks by Governor Jerome Powell.
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The US dollar went back and forth during the trading session on Tuesday, as we are hanging about the ¥108 level.
Investors ignored safe havens despite the situation in the Middle East, which portends a war threatening the world's most important oil region.
The US dollar gapped lower to kick off the week as traders have the ability to react to the Saturday drone strike in Saudi Arabia.
For eight trading sessions in a row, the good performance of the USD/JPY pair continued, and last week's close tested the 108.25 resistance
The US dollar has rallied significantly over the last couple of weeks but stalled a bit during the day on Friday as the ¥108 level seems to be a bit important at this point
The US dollar has initially pulled back during the trading session on Thursday, reaching down towards the bottom of the Wednesday session, before bouncing and breaking above the ¥108 level.
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Investors continue to take risk appetite and the strengthening of the US currency amid recent optimism over the trade dispute between the US and China
The US dollar rallied again during the trading session on Wednesday, reaching towards the ¥108 level.
The Japanese Yen, a safe haven asset, has been under selling pressure over the past two trading weeks as forex traders started to rotate out of risk-off assets.
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Sign up to get the latest market updates and free signals directly to your inbox.Ahead of the release of the first inflation indicators in the United States, the price of the USD / JPY is stabilizing bullishly around the 107.84 resistance level at the time of writing, its highest in five weeks.
In the United States, there is a long running joke when the stock market suddenly rally based upon liquidity that “everything is awesome”, which is a reference to the song out of the Lego movie.
For the fifth day in a row, USD / JPY continues the upward correction with gains reaching the 107.50 resistance level recorded at the time of writing, the highest in a month.