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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Risk aversion increased gains for the Japanese yen more than gains of the US dollar as safe havens.
The US dollar fell during the trading session on Wednesday, reaching down towards the ¥105 level again.
For four trading sessions in a row, the USD/JPY pair was under downward pressure pushing it towards the 105.25 support before settling around 105.50 at the time of writing.
The US dollar has rallied a bit during the trading session on Tuesday but continues to struggle to keep the gains as we have seen quite a bit of negativity over the longer term.
For more than two weeks in a row, the pair attempted to rebound higher, but gains did not cross the 106.10 resistance.
The US dollar has initially gapped higher against the Japanese yen but then broke down towards the ¥105.25 level underneath.
Most of last week’s transactions were positive for the USD/JPY, which moved towards the 106.10 resistance, its highest level in three weeks.
The US dollar has fallen a bit during the trading session on Friday, breaking below the 50 day EMA.
The US dollar has rallied a bit during the trading session on Thursday but continues to struggle right around the ¥106 level.
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A state of risk appetite dominates the financial markets performance, of which the Forex market is an important component.
The US dollar rallied against the Japanese yen during the trading session on Wednesday to break above the 50 day EMA.
The USD/JPY pair returned to the vicinity of last week’s trading, stabilizing around the 105.80 and stable near it at the time of writing.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar has struggled with the 50 day EMA against the Japanese yen for some time, and the Tuesday session was no different.
Risk appetite to compensating recent USD/JPY losses, which pushed it towards the 104.95 support by the end of last week.
The world celebrated the fact that the end of the world was not here due to the overly dramatic media reports of the demise of Donald Trump over the weekend.