The US dollar continues its steady climb against the yen as strong buying pressure holds the pair above key support.
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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USD/JPY surged above the critical 155 level on Monday, reinforcing its bullish trend as interest rate differentials continue to drive demand for the dollar.
The US dollar surged above 154.50 against the yen on Wednesday, supported by the wide interest rate gap, with bulls targeting a long-term move toward 159.
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The U.S. dollar advanced against the yen on Monday, targeting resistance near ¥155 as interest rate differentials and BoJ easing continue to support bullish momentum.
The U.S. dollar dropped to critical support near ¥153 against the yen, but with a strong uptrend intact and rate differentials favoring the dollar, dip-buying remains the favored strategy.
The USD/JPY pair bounced from support at ¥153 on Wednesday, with bullish momentum aiming for a breakout above ¥154.50 as yen weakness persists.
USD/JPY pulled back to test the ¥153 level as support, with the broader bullish trend likely to resume due to ongoing US-Japan rate divergence.
The US dollar remains steady against the yen near ¥154, with strong support from interest rate differentials and long-term bullish momentum.
USD/JPY consolidates near recent highs, supported by Fed hawkishness and BoJ dovishness, with upside potential toward 158 yen as dip-buying remains favored.
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USD/JPY broke above the key 153 resistance level on Thursday, fueled by a stronger U.S. dollar and renewed yen weakness.
USD/JPY fell sharply from the ¥153 resistance zone, hinting at a potential double top, with ¥150 emerging as a key support level ahead of major central bank decisions.
The USD/JPY pair climbed on Monday amid improved US-China trade sentiment, with resistance at ¥153 as traders await rate decisions from the Fed and Bank of Japan.
The U.S. dollar continued its bullish push against the yen on Thursday, testing the crucial ¥153 level amid rising yields and diverging monetary policies.
The U.S. dollar remains strong against the yen, with solid support at ¥150 and expectations of a continued move toward ¥153 and beyond.
The U.S. dollar bounced off key support against the yen, forming a bullish reversal pattern as traders target ¥153, supported by interest rate differentials.