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.
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
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.
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.
Top Regulated Brokers
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.
I look at this market as one that could offer opportunities on dips, but it will also be very noisy and rocky to say the least.
Bonuses & Promotions
The US dollar continues to see a lot of noise, as traders have recently tried to push the Federal Reserve into perceived rate cuts coming quickly. This is something the trading community has been wrong about for some side.
The USD/JPY pair is testing crucial support at the 200-day EMA near 152, with signs of stabilization suggesting a potential rebound from oversold conditions.
The US dollar gapped lower against the Japanese yen, continuing the selling pressure that started on Friday, as traders continue to look to the overall “sell America trade”, and the potential “rate check” coming from the Fed on Friday.
What this means to me is that every pullback probably ends up being a buying opportunity.
The US dollar rallied against the Japanese yen ahead of Friday's BoJ meeting, with traders watching for dovish signals that could spark a move to 160.
The USD/JPY pair remains volatile near 158 ahead of the Bank of Japan's rate decision, with interest rate differentials and bond market stress in focus.