USD/JPY gains ground near 154.10 in Tuesday’s early Asian session. The Fed's Barkin said he has not yet seen evidence that inflation is on track. The risk-on environment weighs on the Japanese Yen . The USD/JPY pair trades on astrongernotearound154.10 on Tuesday during the early Asian trading hours. Therecovery of the pairis supportedby the modest rebound of US Dollar to 105.1o after bouncing off three-week lows.
Williams further stated that he is seeing job growth moderate and that the Fed is looking at the “totality” of the data. Investors will monitor Fedspeak this week. The dovish tone from Fed officials might exert some selling pressure on the Greenback against its rivals. On the JPY’s front, the risk-on moodcontinues to underminesafe-haven currencies like the Japanese Yen .