USD/JPY lowered on Monday, as investors were on alert, concerning FED easing policy. The pair reached 100.78 during late Asian trade, which was lowest value for current session. Support levels were expected at 100.53, lowest from May 10th, while resistance was to be met at 102.56, highest value from Friday.
The yen gained strength as Nikkei 225 in Japan extended last week’s declines, falling by 3.2%. Investors took into account the possibility that Fed’s asset purchasing program could be reduced later this year.
The minutes of Bank of Japan’s April meeting showed that some policymakers are concerned inflation might not match the 2% target, set by the bank, through March 2016. Policymakers are divided also over rising government bond yields, as some were calling for measures to ensure bond market stability.
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