USD/JPY down 0.5% in Asia as traders bet on smaller Fed rate hikes

Bearish sentiment persists after Fri slide, early recovery to 132.28 sold

Ratchet to 131.35 low ensues in holiday thinned markets; Japan closed Mon

U.S. CPI Thursday key this week, will determine size of next Fed rate hike

Tokyo inflation data Tue eyed, may trigger a further BOJ hawkish shift

Japan PM Kishida vows to debate govt, BOJ roles with new central bank head

Support 131.30-40, 130.75-80, resistance 132.30, 132.60-70

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