The USD/JPY currency pair moved towards the resistance level of 145.80, its highest in 24 years, the same level as Japan intervened in the markets
The US dollar has rallied during the Friday session against the Japanese yen after the jobs number.
The ascending path of the USD/JPY currency pair was not affected much by the selling that the currency pair witnessed in the middle of this week’s trading.
At the beginning of this week's trading the Japanese yen slipped again to break the 145-high threshold against the dollar
For five trading sessions in a row, the price of the USD/JPY currency pair continued to maintain its bullish momentum near its highest level in 24 years.
After three bullish trading sessions, the price of the USD/JPY currency pair moved with gains to the 144.90 resistance level, near the highest in 24 years.
Continuing factors of the strength of the US dollar brought the price of the US dollar against the Japanese yen quickly back to the vicinity of levels.
Last week’s intervention by the Bank of Japan to ‘protect’ the Japanese Yen worked wonders.
The US dollar has rallied on Friday as we continue the recovery from the ¥140 level.
The USD/JPY has been all over the place during trading on Thursday, as the Bank of Japan jumped into the market and intervene.
After a period of stability for several trading sessions, I expected that the performance would remain so until the markets and investors react to the US Federal Reserve's announcement
The bullish stability is still the most prominent performance of the price of the US dollar against the Japanese yen.
The US dollar continues to find buyers on dips against the Japanese Yen.
Despite the recent profit-taking sell-off, the USD/JPY currency pair remained within the ascending channel range.
The US dollar has rallied ever so slightly during the trading session on Thursday as we continue to attempt to build momentum in the USD/JPY pair.