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
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.
The recent downward trajectory pushed the USD/JPY towards the 106.55 support, its lowest in more than a month, before returning to stability around the 106.85 level
The US dollar broke down significantly during the trading session on Tuesday, slicing through the ¥107 level.
The US dollar fell during the trading session on Monday to reach down towards the ¥107 level but found buyers to save it yet again.
The US dollar initially tried to rally during the trading session on Friday but gave back quite a bit of the gains to form a bit of a shooting star.
The US dollar has gone back and forth during the trading session on Thursday, as we continue to see a lot of noise around the ¥108 level.
The US dollar has gone back and forth during the trading session on Wednesday, as we continue to grind just below the ¥108 level.
With the global Covid-19 pandemic keeping the economy hostage, the Bank of Japan notes financial risks related to the crisis.
Bonuses & Promotions
The US dollar initially fell during the trading session on Tuesday but bounced enough to turn around and form a little bit of a hammer.
The US dollar has been relatively quiet during the trading session on Monday to kick off the week, as we continue to see a lot of ranging action.
The US dollar has gone back and forth during the trading session on Friday, as we continue to see a lot of choppiness in this market.
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The US dollar has initially pulled back a bit to kick off the trading session on Wednesday, reaching towards the ¥107 level.
The stronger than expected Chinese trade data also affected the dollar.