USD/JPY falls below 136,00, nears 200-day SMA

 

On Monday, the USD/JPY struggles to generate real momentum for several reasons. Bets on a future BoJ pivot help the JPY and limit the upside during a slight decline in the USD. Increased US bond rates may underpin the major and contain USD losses. Ahead of the BoJ policy meeting on Tuesday, traders could also want to stay out of the market.

On Monday, the USD/JPY pair failed to benefit from its little intraday increase and drew some sellers in the 136.60 area. During the early European session, the pair retreats to the lower end of its daily range, below the 136.00 level, under pressure from several factors.

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