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USD/JPY pulls back from two-week high, trades with modest losses below mid-141.00s
The USD/JPY edges lower on the first day of a new week and erodes a part of Friday's strong gains to the 142.00 neighbourhood, or a nearly two-week high. Spot prices remain on the defensive through the Asian session and currently trade just below mid-141.00s, down around 0.30% for the day. The Japanese Yen (JPY) attracts some buyers in reaction to comments by Japan's top currency diplomat Masato Kanda, saying that the recent inflation and wage rises were overshooting expectations. Speaking to reporters this Monday, Kanda added that the data available so far supports prospects for an upgrade in the Bank of Japan's ... (full story)