The USD/JPY pair maintained its bid tone, just above mid-105.00s through the early North American session, albeit has retreated few pips from daily tops.
The pair built on the previous session's rebound from seven-day lows and gained some strong positive traction on the first day of a new trading week. A strong rebound in the equity markets undermined the safe-haven Japanese yen and was seen as one of the key factors driving the pair higher.
The political uncertainty stemming from the US President Donald Trump’s coronavirus infection news eased after the medical team stated that he could be discharged from the hospital on Monday. The positive update on Trump's health revived investors' appetite for perceived riskier assets.