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.
After the markets absorbed the US jobs numbers for April, which were announced last Friday, the markets will monitor the reaction from the announcement of inflation figures
After Japan implemented an unprecedented ¥117.1 trillion stimuli in response to the Covid-19 pandemic, the Abe government is considering additional steps
The US dollar has initially rally during the trading session on Thursday before pulling back from the highs after the Fed Fund Rate Futures for December 2020 went negative.
The US dollar continues to dance around the ¥107 level, as we have dipped a below there and now it looks like we are going to continue to see negative pressure applied to this currency pair.
Although the US dollar made an impressive turnaround during the trading session on Thursday, it is telling that the entire top of the candlestick gave back the gains late in the day
The US dollar fell during the trading session on Wednesday, but as you can see struggles to maintain any type of serious trend.
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