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 rose and stocks fell after the release of US retail sales data, which came in far below expectations.
The US dollar has experienced back-and-forth movement during Thursday's trading session, hovering around the 50-Day EMA and sitting just below the 200-Day EMA indicator.
Stocks rose and the US dollar fell after US inflation fell faster than investors expected in March.
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The US dollar drifted slightly lower during Tuesday's trading session, but buyers have come in beneath the 50-Day EMA, indicating signs of life.
For four consecutive trading sessions, the price of the USD/JPY currency pair has moved in a rebound path to the upside, with gains that reached the resistance level of 133.88. It settled near that resistance at the time of writing the analysis.
The US dollar posted some gains for the week in Good Friday trade after non-farm payrolls figures cast the US labor market in a resilient light.
The US dollar has been struggling to make any significant gains against the Japanese yen, as it quickly gave back its initial rally.
The USD/JPY experienced a slight dip during Thursday's trading session, with a lot of movement based on bonds.
The US dollar continues to weaken against the Japanese yen during Wednesday's trading session.
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For two days in a row, the price of the USD/JPY currency pair is exposed amid profit-taking sales, with losses affecting the support level 131.52, and settling around the level of 131.70 at the time of writing the analysis.
The sudden production cut by OPEC sent oil prices higher, which is beneficial to the US dollar.
On Monday's trading session, the USD/JPY initially rallied but struggled at the 200-day EMA, with a shooting star candlestick on Friday suggesting significant resistance in this area.
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Last week's trading was generally bullish for the performance of the price of the USD/JPY currency pair, amid investors' abandonment of the Japanese yen.
Analysis of the dollar against the yen USD/JPY and its positive performance ahead of important and influential data for four consecutive trading sessions.
The USD/JPY has seen rather a brisk trading the past few days as financial houses have reacted to nervousness within the broad markets and have created quick price velocity.