The USD/JPY pair edged higher through the first half of the European trading action and was last seen hovering near the top end of its daily range, around the 105.60-65 region.
The pair caught some fresh bids on the first day of a new trading week and built on the previous day's rebound of around 35 pips from seven-day lows, or levels below the key 105.00 psychological mark. The momentum was sponsored by the upbeat market mood, which tends to undermine demand for the safe-haven Japanese yen.


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