The USD/JPY pair has a strong start to the week as the Yen tumbles.

The U.S. dollar opened trading with a gain of more than 1 percent ahead of a busy week.

After a strong upward swing on Monday, the USD/JPY pair traded relatively flat this morning. The dollar rose against the Japanese yen by approximately 1.5%, or 200 pips, as currency traders flocked to the greenback just as US economic news began to emerge.

March inflation data for the United States is expected on Wednesday. Traders will then analyse the most recent FOMC meeting minutes from three weeks ago. While it is anticipated that price pressures have eased, central bankers may have been preparing another rate hike.

In this context, the USD/JPY exchange rate remained unchanged during today's early-morning negotiations. In contrast, the dollar has recorded consecutive victories over the past three days, gaining a total of 2%, or just under 300 pip, against a weaker yen. As reports are released throughout the week, volatility is likely.