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.
Most Recent
Traders should remain cognizant of the pair's inherent choppiness and exercise proper position sizing.
The odds of a US rate hike in June remain low as the latest US jobs report will give the Federal Reserve a reason to pause and suggest that the recent setback for the dollar could extend.
The USD/JPY exhibited a modest rally during Friday's trading session, driven by the Non-Farm Payroll announcement.
The USD/JPY displayed a back-and-forth movement during Thursday's trading session, reflecting the ongoing noisy behavior in the market.
For three consecutive trading sessions, the USD/JPY currency pair is exposed to profit-taking sales
The USD/JPY is trading near the 139.800 ratios as of this writing.
During Wednesday's trading session, the US dollar experienced a slight initial decline against the Japanese yen, following the recent upward pressure in the market.
In recent technical analyses, amid a strong and sharp bullish momentum for the USD/JPY currency pair, it indicated that the technical indicators moved towards strong overbought levels.
During Tuesday's trading session, the US dollar experienced a pullback, possibly due to the pair's overstretched condition.
Bonuses & Promotions
For three trading sessions in a row, the bulls settle in the US dollar currency pair against the Japanese yen USD/JPY in the vicinity of the resistance level 140.91, its highest in six months
The USD/JPY initially attempted to rally during Monday's trading session but encountered hesitation and gave back its gains.
Speculators lifted their bearish stance on the Japanese yen to the highest level in nearly a year as the currency extended its slide against the dollar as markets boosted
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY began Friday's trading session with a decline but quickly found support, attracting eager traders looking to join the upward momentum.
The US dollar experienced an initial decline during Thursday's trading session but quickly reversed course, demonstrating signs of strength.
Investors' continued abandonment of the Japanese yen in light of the continued easing policy of the Japanese Central Bank and the lack of benefit from the markets.