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 resumed its upward march, benefiting from interest rate differentials and safe haven flows.
The initial market reaction to the US jobs report for the month of August was clear and immediate, with the drop in the US dollar and yields.
The USD/JPY exhibited a slight rally during Monday's trading session, hinting at a potential breakthrough above the ¥146.50 level.
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The recent selling operations failed to turn the general trend of the USD/JPY currency pair downward.
Friday's trading session witnessed the US dollar's initial decline, potentially reflecting a precautionary stance in anticipation of the impending jobs report.
Since the start of trading this week the price of the currency pair USD/JPY has been subject to selling operations, pushing it towards the level of 145.55.
During yesterday's trading, the price of the USD/JPY currency pair was exposed to selling operations, pushing it towards the support level of 145.66.
US stock trading opened higher on Wall Street as the markets turned their attention from the US Federal Reserve Bank to more corporate earnings and economic reports.
The USD/JPY exhibited early gains on Monday, underscoring the growing likelihood of an imminent breakout.
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At the end of last week's trading, the price of the USD/JPY currency pair got a strong positive boost from hints from the officials of the American central bank to continue the pace of raising the American interest rate.
The USD/JPY demonstrated a notable surge throughout Thursday's trading session, reflecting traders' deliberation over the Federal Reserve's stance on maintaining tight monetary policy.
During Wednesday's trading session, the USD/JPY encountered an initial dip but subsequently exhibited signs of recovery.
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Sign up to get the latest market updates and free signals directly to your inbox.For three trading sessions in a row, the price of the USD/JPY currency pair is exposed to profit-taking sale.
The continued discrepancy between the aggressive policy of the US Federal Reserve and the Bank of Japan, which has negative interest rates, will support the survival of the bullish trend of the dollar pair against the Japanese yen.
During Tuesday's trading, the USD/JPY experienced an initial decline, only to reverse its fortunes and show signs of life.