USD/JPY currency pair is one of the most popular ones on the foreign exchange market. More than 15% of trades involve this pair. The prevalence of this trading symbol is so high that the trading volume of this pair can be compared with EURUSD. USD/JPY currency pair is very susceptible to the variety of major political and economic events happening worldwide. For this reason, the price chart for this currency pair is hard to predict. Quite often it goes in the opposite direction relative to any analysis.
Since the value of the Japan’s national currency is highly dependent on the U.S. economy and international relations of these two countries, its valuation is a kind of international instrument of influence on the Japanese authorities used by the U.S. leaders, as well as neighboring countries in the East and Southeast Asia.