USD/JPY depreciates after registering modest gains in the previous trading day, hovering around 158.10 during Asian hours on Monday. The pair may see limited movement due to thin trading conditions as Japanese markets are closed for the Sports Day public holiday. Market participants currently anticipate the central bank will raise the overnight interest rate target to 1.50% from 1.25% in December or January.
Japanese Yen holds range amid Japanese holiday, dovish BoJ signals
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