An opinion poll indicates that the ruling coalition is set to secure a strong victory in the upcoming election, which could support a weaker Yen.
The Euro is showing a mild upside bias against the British Pound on Monday, but maintains its broader bearish trend intact. The pair trades at the 0.8665 area at the time of writing, but remains unable to take off from a key support area at 0.8645.
USD/JPY gains ground for fourth successive session, trading around 155.20 during the Asian hours on Monday. The pair remains stronger as the Japanese Yen (JPY) remains calm following the Bank of Japan’s (BoJ) January Summary of Opinions.