The USD/JPY pair trades little positive to 108.60 by the time Tokyo markets open on Monday.

Even though lack of fresh developments concerning the US-China trade tussle and absence of major data confined market moves at the week’s start, the US Dollar (USD) pullback pleased buyers of ex-greenback majors during early Monday.

India recently became the second Asian country, other than China, to levy tariffs on the US goods. The democratic country announced tariffs on 28 items from the US to retaliate against the Trump administration’s trade protectionism. Elsewhere, Chinese media kept criticizing the US President Donald Trump and indicate fewer chances of a trade solution from the upcoming G20 meeting between the leaders of the US and China.

Source : FXstreet