Do you hold USD/JPY into the weekend, or close before the gap?
USD/JPY trades from the Sunday open to the Friday close, and prices can open at a different level from the Friday close after a weekend of news. That gap is one of the first things to plan for when a position is held over a weekend. Market sessions explained shows when each centre opens, which helps place the Sunday open in the week.
Members who hold USD/JPY over a weekend usually decide the size and the exit rule before Friday, not on Sunday night. A position that is comfortable during the week can carry a weekend risk that is larger than expected, particularly when the yen has been volatile. What moves USD/JPY sets out the drivers on both sides of the pair, which is a useful check on what could change over the weekend.
We would like to hear your rule:
- Do you hold USD/JPY into the weekend, or close before the Friday close?
- How do you size a position that will be open through a weekend gap?
- What weekend event would make you close early, even with a plan in place?
- Have you woken up to a gap that changed your plan? What did you do?
Please share your own approach and reasoning, not calls for others to copy. Posts that promise a direction or sell signals will be removed.
Background: What moves USD/JPY? Yields, the BoJ and intervention
USD/JPY is the pair where US yields meet the Bank of Japan — with the threat of intervention sitting over both. Here is the three-force driver map and how they take turns leading.
What moves USD/JPY the most?
US yields lead on most days — the pair tracks the 10-year Treasury closely. The Bank of Japan's decisions move the yen side, and intervention risk overrides both whenever the authorities are active.
Why does USD/JPY follow the 10-year Treasury yield?
The yield is the market's read on US rates, and the pair trades the US-Japan rate gap. Higher US yields make dollars more attractive against yen, so the pair and the yield move together.
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