USD/JPY experienced major volatility on Tuesday amid rising Japanese bond yields, but strong carry trade dynamics continue to favor the US dollar.
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 recovered against the yen on Monday as risk sentiment stabilized, with buyers returning near 158 and eyes turning to a potential move toward 160.
USD/JPY pulled back on Wednesday toward the key 158 support level, but the longer-term uptrend remains intact, with 160 and potentially 162 as bullish targets.
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The US dollar surged past 159 yen, signaling bullish continuation as carry trade demand and Bank of Japan policy divergence keep buyers in control.
The US dollar rebounded against the yen on Monday, with bullish momentum eyeing the 160 level as traders favor the carry trade amid persistent yen weakness.
USD/JPY surged to test 158 on Friday, signaling a potential breakout fueled by yield differentials and persistent yen weakness despite soft US job data.
The US dollar continues to climb against the yen, with carry trade momentum and resilient US data pushing USD/JPY closer to the key 158 resistance level.
USD/JPY trades sideways in a tight range as markets await U.S. jobs data and signals from the Bank of Japan, with 158.00 as key breakout resistance.
USD/JPY is stuck in a 158–154.5 consolidation ahead of Friday’s NFP, with a mild bullish bias above 154.5 unless a risk-off shock boosts the yen.
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The US dollar initially jumped against the yen on Friday, but it is worth noting that the markets are still paying you to hold this pair to the long side.
The US dollar continues to grind higher against the yen in a choppy range, with support near the 50-day EMA around 155 and resistance at 158, as the wide US–Japan rate differential and BOJ’s limited tightening scope keep a buy-the-dip bias intact toward the 160 area.
The US dollar has been choppy against the Japanese yen during trading on Tuesday, as we are simply flailing about trying to find some type of momentum.
USD/JPY remains range-bound in thin holiday conditions, with buyers defending support near the 50-day EMA and upside targets toward 158 yen.
The US dollar eases against the yen in low-liquidity conditions, with USD/JPY likely consolidating between strong support near 155 and resistance around 158.
The US dollar is stabilizing against the yen, with positive carry and holiday-thinned liquidity likely to keep USD/JPY range-bound into year-end.