USD/JPY enjoys a mild bounce after testing psychological support at 140.00

Drops to 139.95 low in Asia, lowest since July 2023 on aggressive Fed bets

Thin market exacerbates move with Japan on holiday Mon; range 139.95-140.89

Fed-BOJ expectations diverge & US-Japan yield differentials narrow, lift JPY

Clear break of 140.00 opens 139.28, 38.2% retracement of 2021-24 rally

Minor resistance 141.00-10, stronger at 141.67-141.75, previous lows

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