USD/JPY · XForexTrade

Driven by US yields and Bank of Japan policy, with a distinct Asian-session personality and a long history of intervention risk.

What Actually Moves USD/JPY in the Asian Session

Post author:Marek Dvorak
Post published:5 Sep 2026
Post category:Asian Session Major Pairs Sessions & Timing USD/JPY

The Tokyo session in USD/JPY is quiet because the flow is mechanical, not because nothing is happening. The 09:55 fix, carry, the lunch-hour trap and why intervention risk makes this pair’s tail asymmetric.