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USD/JPY chart - Trading View
USD/JPY slumps lower for the 3rd straight session to hit 2-week lows below 106 handle.
The major was trading 0.36% lower on the day at 105.61 at around 10:15 GMT after closing 0.51% lower in the previous session.
The greenback depressed amid continued deadlock in U.S. stimulus negotiations and caution ahead of FOMC minutes (due Wed).
Price action has slipped below 20-DMA and technical indicators suggest downside resumption.
Focus shall be on Wednesday's release of Federal Reserve meeting minutes for clues about anticipated shift in the policy outlook.
On the data front, U.S. building permits, housing starts, and redbook data will be watched for impetus.
Little support seen till lower Bollinger band at 104.62. Further weakness will see dip till Channel base at 103.30.
