USD/JPY: selling pressures to continue - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair plummeted to 105.71, its lowest in over a month, fueled by safe-havens' demand as local share markets lost over 3.5% this Monday.

Key Quotes:

"The pair however, trimmed part of its daily losses at the beginning of the US session, recovering up to 106.57, where selling interest re-surged."

"Now holding a few pips above the 106.00 figure, the pair will likely continue under selling pressure, although with the FED and the BOJ scheduled to have their economic policy meetings this week, large movements shouldn't be expected."