USD/JPY looking for 148.00 as the Yen extends a broad-market recovery

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• The USD/JPY is slipping into a seven-week low as the Yen recovery extends.
• Japan Tokyo Inflation figures due later in the week, could put a kink in Yen rally.
• USD/JPY set for its third straight down day as markets sell Greenback, bid Yen.

The USD/JPY is seeing further declines on Monday, with the Japanese Yen (JPY) gaining over a full percent against the US Dollar (USD). The pair has backslid from the 150.00 handle and is currently aimed at the sub-148.00 chartspace.