The Japanese yen fell to its lowest level against the dollar in 24 years as the growing gap between the monetary policy of the US Federal Reserve and the Bank of Japan attracts money towards the US.
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.
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The stronger and continuous control of the bulls on the price performance of the USD/JPY currency pair pushed it towards the 135.20 resistance level, the highest for the currency pair in 20 years.
The strong and continuous signals for the future of raising US interest rates throughout 2022 contributed to the continuation of the bullish momentum of the USD/JPY currency pair
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Ignoring the Japanese government and the Central Bank of Japan, the recent collapse of the Japanese yen in the forex market allowed the USD/JPY to move strongly higher.
The USD/JPY has created a whirlwind for Forex traders as they try to anticipate the gyrations of the Japanese Yen in fast and volatile conditions.
The free collapse of the Japanese yen in the forex market led by the USD/JPY currency pair towards its highest in 20 years led all other currencies to achieve record gains.
Japan's determination to maintain the stimulus policy and ignore the path of the rest of the global central banks in tightening and raising interest rates
The USD/JPY spiked higher yesterday as financial institutions seemingly got the message the Japanese government doesn’t intend on changing its monetary policy anytime soon.
The US dollar rallied significantly on Monday to break to a fresh, new high against the Japanese yen.
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Fed policy and the financial conditions affecting it have shifted in a tighter direction at a brisk pace since June of last year
The US dollar initially fell during the trading session on Thursday but found buyers underneath to show signs of life yet again.
Looking at our technical analyses and regarding the future price of the USD/JPY currency pair, we often recommended buying the currency pair from each descending level.
During yesterday's trading session, the price of the US dollar against the Japanese yen tried to recover from the pace of its recent losses with gains to the resistance level 128.90.
The US dollar rallied quite significantly on Tuesday as we have broken out of a falling wedge.
Although there was limited trading, the price of the USD/JPY currency pair moved at the beginning of this week’s trading between the support level 126.85 and the level of 127.82.