- USD/JPY starts the week with an attempt to halt the gains ahead of central banks policy decisions this week.
- US Dollar (USD) weakened after the release of the US Consumer Sentiment Index on Friday.
- Japanese Yen (JPY) has retraced all the gains it experienced in response to the comments made by BoJ Governor Kazuo Ueda in the previous week.
- No alterations to the ultra-loose policy are expected by BoJ in the upcoming policy meeting.
USD/JPY kicks off the week with an attempt to halt the winning streak, trading lower around 147.70 during the early trading hours of the Asian session on Monday. However, US Dollar (USD) is experiencing selling pressure after the downbeat consumer sentiment data from the United States (US) released on Friday.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased