The USD/JPY has rallied significantly during trading on Thursday as we wait for the Non-Farm Payroll number on Friday.
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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Throughout this important week’s trading, the USD/JPY currency pair is settling around and above the 139.00 resistance.
The US dollar fell slightly during the trading session on Wednesday but continues to levitate against the Japanese yen.
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The price of the USD/JPY currency pair is still maintaining its bullish momentum until the US job numbers are announced at the end of the week.
The US dollar has paused the bid against the Japanese yen, as we have threatened to break out above the most recent high.
A bullish price gap characterized the performance of the price of the USD/JPY at the beginning of this week’s trading.
The USD/JPY has rallied quite significantly during the trading session on Monday to show signs of strength yet again against the Japanese yen.
The trading week, in which the bulls dominated the direction of the USD/JPY pair, ended with gains, crossing the resistance level of 137.70 and closing stable around the resistance of 137.50.
The USD/JPY rallied a bit during the trading session on Friday, especially after the Jerome Powell speech.
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The US dollar has fallen a bit during the trading session on Wednesday in an almost exact copy of the previous 24 hours.
The US dollar's gains were temporarily halted against the other major currencies after data released yesterday showed that the slowdown in the US economy may have accelerated in August.
The US dollar has fallen against the Japanese yen to kick off the trading session on Tuesday, but found enough support near the ¥136 level to turn around and form a hammer.
A surging US dollar threatens to end the nascent rally in the yen, just as speculators have abandoned betting on the Japanese currency.
The USD/JPY rallied a bit during the trading session again against the Japanese yen on Monday, as we continue to see a lot of upward momentum.
Last week's trading was in favor of the bulls' strength and control over the direction of the USD/JPY currency pair.