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 experienced a slight pullback against the Japanese yen on Friday, primarily driven by fluctuations in the global interest rate market.
The USD/JPY has retreated slightly during Thursday's trading session, retesting the ¥132.50 level.
For three consecutive trading sessions, the USD/JPY currency pair settled in a range between the 132.26 level and the 135.10 resistance level, in a neutral position.
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The USD/JPY exchange rate attempted to rally during Wednesday's trading session, reaching for the ¥135 level, an area that had previously acted as resistance.
The USD/JPY is trading near the 133.180 ratios as of this writing.
US dollar exchange rates regained some ground on Tuesday after US core CPI inflation came in higher than expected at 0.5% on a monthly basis.
The US dollar saw a slight rally during the recent trading session, showing signs of stability against the Japanese yen.
The US dollar extends its losses against the rest of the major currencies as the SVB repercussions limit the expectations of a US interest rate hike.
The US dollar started the week with some negativity, with the US dollar/Japanese yen pair showing a lot of back and forth movements.
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The dollar against the Japanese yen USD/JPY is still heading to the upside, despite the currency pair's collapse on Friday to the support level at 134.11, its lowest in two weeks
The US dollar made an attempt to rally during Friday's trading session but gave back gains as the Non-Farm Payroll announcement came out.
The USD/JPY has shown some weakness against the Japanese yen during Thursday's trading session, solidifying the idea of the ¥137.50-¥138 level being a significant resistance barrier.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar has outperformed well out of the other major currencies and continues to rise against most of them today as well.
The USD/JPY is near the 136.700 ratios as of this writing and is lingering around values produced last Friday.
The US dollar has rallied significantly against the Japanese yen during Wednesday's early trading hours.