USD/JPY Volatility Rises Amid Tech Bond Issuance and Crypto M&A

USD/JPY experienced notable fluctuations during Monday's session as market dynamics shifted with corporate bond issuance and cryptocurrency sector consolidation. Hon Hai's Euro bond offering influenced cross-currency flows, creating indirect pressure on yen pairs. The Coinbase acquisition of crypto platform Echo highlighted continued institutional interest in digital assets, potentially affecting traditional forex correlations. Q3 earnings reports beating estimates supported risk sentiment, traditionally favoring USD strength against safe-haven JPY. Technical indicators suggest USD/JPY remains in a consolidation phase between 149.50 support and 150.50 resistance. The pair's direction will likely depend on upcoming Bank of Japan policy signals and US economic data. Traders should watch for breakouts from the current range, with corporate earnings season potentially increasing volatility in currency markets.