The US Dollar fell against the Japanese Yen in Asian trading below 148.80 levels.
The USD/JPY currency fell as expectations continue to build that the Bank of Japan will soon opt for an interest rate hike, while the dollar pulled back against its competitors. In Japan, Foreign Reserves (1,240.6 bln last month) will be posted (23:50 GMT). In the US, Initial Jobless Claims (234,000 exp) will be posted (13:30 GMT).