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The USD/JPY currency pair has started the week with slight losses. The pair is currently trading at 113.10. Japanese All Industries Activity edged up to 0.3%, instead of the 0.4% forecast. The Flash Manufacturing PMI index improved to 52.3 points.

The downside risk for the USD remains elevated more so from Trump's inauguration if he fails to underscore economic policy. However, if Donald Trump comes out firing on all fiscal stimulus cylinders, bond yield will surge, and the greenback would catch an enormous updraft. The U.S. dollar remains under pressure across the board since Trump's inauguration speech on Friday still did not provide investors with clarity on his tax reform and fiscal spending plans.

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