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.
Most Recent
Last week’s trading was bloody for the USD/JPY performance, as the pair plunged to the 103.17 support, its lowest level in eight months, before closing trading around the 103.36 level.
The US dollar rallied initially during the trading session on Friday, reaching towards the ¥103.70 level before pulling back and selling off again.
Europe and the US appear overwhelmed with the second wave of the Covid-19 infection, where a public tired of restrictions is on course to pressure the healthcare system
The US dollar has been crashing against the Japanese yen for some time, albeit in a slow-motion manner.
The bears continued the stronger control over the USD/JPY performance, as markets were still facing the unknown about the winner of the US presidential elections.
The US dollar has fluctuated during the trading session on Wednesday, as the US election has caused volatility.
After eight trading sessions in a row, the USD/JPY pair remained stable below the 105.00 support with strong bearish momentum.
The US dollar has fluctuated during the trading session on Tuesday, as the markets awaited a reaction to the US elections.
The price movement and performance of the USD/JPY may remain in a very limited range in the coming hours, until the results of the US presidential election results on Tuesday.
Bonuses & Promotions
The US dollar rallied again during the trading session on Monday to reach towards the ¥105 level.
The USD/JPY performance has often been seen as representing a conflict between safe havens in the era of the COVID-19 epidemic.
The US dollar has fallen during the trading session on Friday, reaching down towards the ¥104 level yet again.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar has initially fallen during the trading session on Thursday, to reach down towards the crucial ¥105 level.
Today is an important day strongly influencing the global financial markets in general, and the forex currency market in particular.
The US dollar has gone back and forth during the trading session on Wednesday as we continue to see a lot of inconsistencies as to where risk appetite may go.