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.
The US dollar initially tried to rally during the day on Thursday but found resistance in the same area that it has more than once, as the ¥108 level continues to be very resilient.
The greenback has gone back and forth against the Japanese yen during the trading session on Wednesday as we continue to see the 50 day EMA come into play and cause a lot of back and forth.
The US dollar has rallied significantly during the trading session on Tuesday but found the ¥108 level to be a bit too resistive to continue going higher.
The US dollar has gone back and forth during the trading session on Monday to kick off the week, as we continue to see a lot of choppy in high-frequency trading
The US dollar has gone back and forth during the trading session on Friday, to close out the week on a relatively positive note as the candlestick looks a bit more like a hammer
The US dollar initially fell during the trading session on Thursday but found enough support below the ¥107 level to turn around and show signs of strength.
The US dollar continues to go back and forth against the Japanese yen, hanging around the ¥107 level.
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