The Japanese Yen (JPY) continues losing ground against the US Dollar (USD) for the second successive day on Monday and is pressured by a combination of factors. A report on Friday indicated that Bank of Japan (BoJ) Governor Kazuo Ueda's comments last week were taken out of context and not meant to signal anything about the timing of a policy change. Adding to this, the weaker GDP report pointed to Japan's still fragile economy and suggested that market expectations of an imminent rate hike may be overblown, which, in turn, undermines the JPY. The USD, on the other hand, draws support from stronger monthly employment ... (full story)