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 price movement and performance of the USD/JPY may remain in a very limited range in the coming hours, until the results of the US presidential election results on Tuesday.
The US dollar rallied again during the trading session on Monday to reach towards the ¥105 level.
The USD/JPY performance has often been seen as representing a conflict between safe havens in the era of the COVID-19 epidemic.
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The US dollar has fallen during the trading session on Friday, reaching down towards the ¥104 level yet again.
The US dollar has initially fallen during the trading session on Thursday, to reach down towards the crucial ¥105 level.
Today is an important day strongly influencing the global financial markets in general, and the forex currency market in particular.
The US dollar has gone back and forth during the trading session on Wednesday as we continue to see a lot of inconsistencies as to where risk appetite may go.
More restrictions from countries around the world to contain a second massive wave of the Coronavirus spread have increased investors' appetite towards safe havens
The US dollar initially tried to rally during the trading session on Tuesday but fell again, to reach down towards the ¥104.50 level.
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Despite the USD strength against the rest of other major currencies, it remained under downward pressure against the Japanese yen.
The US dollar rallied a bit during the trading session on Monday to test the ¥105 level, before pulling back just a bit.
Last week’s transactions were harsh for the USD/JPY, as the pair collapsed towards the 104.34 support, the lowest level for more than a year
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The US dollar rallied a bit during the trading session on Thursday, as it looks like we are going to go looking towards the ¥105 level.
In recent USD/JPY technical analysis, we noted that the limited and narrow movement within price limits for several trading sessions in a row heralds an upcoming strong move.