The US dollar has been wilting against the Japanese yen for some time, starting the latest push lower at the end of the July month.
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 rallied significantly after falling against the Japanese yen on Thursday due to headlines suggesting that the Chinese weren’t going to retaliate against the Americans and the tariff war.
The US dollar has rallied slightly during the trading session on Wednesday, as we continue to consolidate against the Japanese yen.
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The US dollar fell a bit during the trading session on Tuesday, reaching below the ¥106 level.
Ahead of the release of important US consumer confidence figures, USD / JPY remains unable to avoid losses.
The US dollar has initially plunged lower during the trading session on Monday, as traders reacted to the new tariffs imposed on the Chinese by the Americans after the markets closed on Friday.
The US dollar looks likely to attempt to break down below the ¥105 level during the trading session on Monday, which of course has been a solid support level in the past.
The US dollar fell a bit during the early New York trading session before bouncing on Thursday and we continued to see a lot of back and forth against the Japanese yen.
The US dollar rallied a bit during the New York trading session on Wednesday, reaching towards the ¥107 level yet again.
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Even though the US dollar had a strong couple of days against the Japanese yen, the Tuesday session was of course very negative.
The US dollar has initially tried to rally during the trading session on Thursday but then turned around at the ¥107 level to fall rather precipitously.
The USD / JPY pair did not celebrate much with its recent gains, reaching the 106.97 resistance level, as the decline returned to 105.64 support before settling around 105.95
The US dollar has fallen hard against the Japanese yen during the trading session on Wednesday and it looks like it’s ready to continue the downtrend.
Immediately after the US announcement of the postponement of further tariffs on Chinese products, which was scheduled for September 1
Ahead of the release of important and influential US inflation figures, USD / JPY continues its strongest losses, reaching the 105.04 support level and a seven-month low, before stabilizing around 105.27 at time of writing.