Forex Pros - The U.S. dollar halted its decline against the yen on Monday at 91.25, a 2-day low, after sharp gains in Asian stock markets sapped demand for the Japanese currency as the ultimate safe haven.
USD/JPY pulled back to hover around 91.33 during European morning trade, although it still shed 0.2%. The pair was likely to find resistance at 92.15, Friday's high, and support at 90.15, Wednesday's low.
Meanwhile, the yen rose against the euro and pound: EUR/JPY dropped 0.3% to hit 124.20 and GBP/JPY fell 0.29% to hit 141.21.
Earlier in the day, the Japanese Finance Minister, Naoto Kan, said he hoped the Bank of Japan would press on with efforts to pull the country out of deflation.
