USD/JPY continues to attract buyers on dips, with the 200-day EMA near 155 acting as support and 160–160.50 remaining the major upside target.
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 US dollar bounces from the key 156-yen level as geopolitical noise and BOJ intervention pressure ease, with a hot NFP print on Friday potentially driving a grind back toward 158 yen.
The USD/JPY pair dropped 450 pips after suspected Bank of Japan intervention near the key 156 level, with analysts leaning bullish on the dollar longer-term but advising patience before entering a position.
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USD/JPY remains capped near 160, but the broader bias still favors buying dips while 158 support holds and yield differentials favor the dollar.
USD/JPY continues to favor dip-buying, with 158 acting as near-term support and 160.50 remaining the critical breakout level for a much larger bullish move.
USD/JPY remains rangebound between 158 and 160, with upside pressure building toward 160.40 as yield differentials continue to favor the US dollar.
USD/JPY is holding near a major ceiling around 160, with 158 acting as support and a break above 160.40 potentially opening a much bigger upside move.
USD/JPY remains bullish overall, but the 160 level is still a major barrier, with pullbacks likely to find support near 158 and 156 before another breakout attempt.
USD/JPY remains bullish after Thursday’s rebound, with dip-buying in focus and 160 acting as the key breakout level for a much bigger upside move.
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USD/JPY recovered strongly after Thursday’s dip, with 156 as near-term support and 158–160 as the key resistance zone for the next upside move.
USD/JPY bounced after an early dip, with the 50-day EMA supporting buyers. A break above 158 targets 164 on a W-pattern, while the 200-day EMA remains the key floor.
The US dollar has rallied a bit during the early part of the trading session on Thursday as traders are looking forward to the PCE Price Index announcement on Friday.
The US dollar plunged against the Japanese yen during the trading session on Monday, and it looks like we will be trying to find value on a dip yet again.
The interest rate differential continues to be a mainstay of this pair, as we are levitating into the weekend, looking bullish overall.
Despite short-term exhaustion, USD/JPY remains in a strong uptrend, with interest rate differentials favoring buyers on pullbacks toward key support zones.