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.
Investors' continued aversion to risk and the positive results of US economic data supported bulls in continuing to push the USD/JPY currency pair higher.
The USD/JPY exhibited a modest rally during Thursday's trading session, signaling a continued "buy on the dips" sentiment that has prevailed in the market.
The upward path is still the most prominent for the performance of the price of the USD/JPY, as the currency pair stabilizes around the resistance level of 149.25.
Amid global concern over developments in the Middle East, investors have increased their interest in buying safe havens, led by both the US dollar and the Japanese yen.
The USD/JPY experienced a significant rally during Friday's trading session, largely propelled by the prevailing interest rate dynamics in the financial markets.
For three trading sessions in a row, the USD/JPY currency pair has been subjected to profit-taking selling operations that have often been noted for their possibility of occurring at any time.
The USD/JPY is within sight of long-term highs as speculative questions are raised and a complex web of factors need to be considered when choosing directions and timeframes.
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