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.
Before the announcement of important US inflation figures, the price of the US dollar against the Japanese yen is trying to recover from its recent losses.
Since the start of this week's trading, the price of the USD/JPY currency pair is settling lower around the support level 146.08 amid selling operations.
The US dollar strengthened in the hours following another big US interest rate hike and a clear message from Bank Governor Jerome Powell that further hikes were necessary to bring down inflation.
The core measure of US inflation accelerated in September, while consumer spending remained resilient, indicating broad price pressures and strong demand
The US dollar is falling again against the Japanese yen on Wednesday, as we continue to see a bit of a pullback in this extraordinarily bullish market.
The US dollar initially dipped during the trading session on Tuesday but found buyers again below the ¥149 level as the US dollar is like a wrecking ball
The US dollar continues to look like it wants to rally against the Japanese yen, as we continue to see a lot of negativity when it comes to the Japanese yen.
The Japanese yen fell to a two-decade low after Bank of Japan Governor Haruhiko Kuroda pledged to maintain monetary policy in order to support an economic recovery
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