According to Societe Generale Tokyo head of FX and money market sales department, Kyosuke Suzuki
He mentions barring any big surprises, inflation data and the progress in the tax reform debate, as well as Jerome Powell's confirmation hearing may act as catalysts for the greenback to spark a rebound this week.
Expectations for tax reform have receded considerably over the past three weeks so there is little scope for such expectations to retreat further from here.
He adds that it is difficult to gauge the events this week, and that will likely keep USD/JPY in a range of 111.00 to 112.50.
