Yen kicks off another week under pressure, with central bank policy in focus

Currency signs of Japanese Yen, Euro and the U.S. dollar are seen on a board outside a currency exchange office at Narita International airport, near Tokyo, Japan, March 25, 2016. REUTERS/Yuya Shino

HONG KONG, March 21 (Reuters) – The Japanese yen continued its slide on Monday morning, while the aussie and kiwi remained bid, with traders eying a string of public remarks by global central bank policy makers this week, including Fed chair Jay Powell later Monday.

The dollar climbed slightly on the yen to as much as 119.3 yen challenging the six-year peak of 119.39 touched on Friday. The dollar finished last week 1.6% higher versus the Japanese currency.

Analysts at CBA said they thought moves in the pair could slow this week, but they predict the dollar will climb further on the yen in the coming months as the gap between U.S. and Japanese interest rates widens.