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USD/JPY Price Forecast: Tests breakout region around 159.2 at the start of BoJ-Fed policy week

The USD/JPY pair gives back its opening gains and trades marginally lower around 159.20 during the late Asian trading session on Monday. The pair surrenders early gains as the US Dollar (USD) turns upside down despite the United States (US)-Iran diplomacy remaining at a stalemate.
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EUR/GBP steadies above 0.8650, traders await BoE and ECB rate decisions amid Middle East uncertainty

The EUR/GBP cross holds steady around 0.8660 during the early European trading hours on Monday. Markets turn cautious ahead of the European Central Bank (ECB) and the Bank of England (BoE) interest rate decisions on Thursday. 
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