USD/JPY is falling for the fourth straight day on Monday. US Dollar Index touched fresh multi-year lows below 90.50. Wall Street’s main indexes look to open sharply higher. After closing the previous three trading days in the negative territory, the USD/JPY pair extended its slide on Monday and slumped to its lowest level since early November at 103.59. As of writing, the pair was down 0.38% on a daily basis at 103.62. USD selloff intensifies The broad-based USD weakness seems to be causing USD/JPY to remain under bearish pressure. On Monday, the US Dollar Index (DXY) slumped to its lowest level since April 2018 at 90.43 as the upbeat performance of major European currencies, especially the GBP, caused the greenback to lose interest. At the moment, the DXY is losing 0.32% at 90.47. In the meantime, the positive shift witnessed in market sentiment could limit USD/JPY’s downside in the second half of the day. Coronavirus vaccine rollout and renewed hopes for an EU-UK trade deal are allowing risk flows to dominate the financial markets at the start of the week. Reflecting the risk-on environment, the S&P 500 Futures are up 0.7% on the day and the 10-year US Treasury bond yield is rising by more than 2%. Earlier in the day, the data from Japan showed that Tankan Large Manufacturing Outlook and Non-Manufacturing Outlook both improved more than expected for the fourth quarter but was largely ignored by the market participants. The US economic docket won’t be featuring any significant data releases on Monday. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum price prepares for a year-end Santa Claus rally as bulls target $750 FX Street 2 years USD/JPY is falling for the fourth straight day on Monday. US Dollar Index touched fresh multi-year lows below 90.50. Wall Street's main indexes look to open sharply higher. After closing the previous three trading days in the negative territory, the USD/JPY pair extended its slide on Monday and slumped to its lowest level since early November at 103.59. As of writing, the pair was down 0.38% on a daily basis at 103.62. USD selloff intensifies The broad-based USD weakness seems to be causing USD/JPY to remain under bearish pressure. On Monday, the US Dollar Index (DXY) slumped to its lowest… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.