The Japanese Yen strengthen at the start of the week as it took it's well known form as a safe haven. Gold as well caught a strong bid, but it appears the momentum was short lived. The majority of the Yen pairs have already reversed it's trends.

A possible reason for it could be the expectation for an announcement of further stimilus from the BOJ this week.

On Wednesday and Thursday we are set to hear from the BOJ. They are expected to release their monetary policy statement, as well as a press conference.

Perhaps the market has already started pricing in the expectations, as even the weakest currencies are getting a bit of a lift in the Yen sell off during the New York session.
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