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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Despite the strength of the US dollar against the rest of the other major currencies, gains from the rebound in the USD/JPY, is still limited, reaching the 106.34 level at the time of writing.
The US dollar rallied a bit against the Japanese yen during the trading session on Wednesday, as we have broken above the ¥106 level.
Despite the uprising of the dollar after its collapse to its lowest in two years, bears maintained the strongest control over the USD/JPY performance
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This currency pair has gone back and forth during the trading session on Tuesday, as we have seen a lot of moves in the FX markets that probably took a lot of people by surprise.
Continuous pressures on the US currency are still present, which explains the continued downward performance of the USD/JPY in the recent trading sessions.
The US dollar has rallied quite nicely during the trading session on Monday but has given back quite a bit of the gains late in the day as it shows the ¥106 level to be resistive.
The pair has now fallen to the oversold levels of the 14-hour RSI on the hourly time frame chart.
The US dollar has initially rallied during the trading session on Friday but then broke down rather significantly.
The US dollar has initially fallen during the trading session on Thursday, perhaps in anticipation of Jerome Powell speaking but the markets were hugely disappointed
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For two trading sessions in a row, the bulls failed to push the USD/JPY through the resistance line at 106.56 and settled instead around the 105.85 support at the time of writing.
The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains near the 50 day EMA.
Investors abandoned safe havens recently, which allowed the USD/JPY pair to push up to the 106.57 resistance.
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The US dollar has rallied a bit during the trading session on Monday to kick off the week, but against the Japanese yen it has been extraordinarily sleepy.
During last week’s trading, the USD/JPY collapsed towards the 105.09 support.