The USD/JPY pair is trading firmly around 156.56 on Monday, keeping the Japanese yen in a deeply weak position.

Stocks are rebounding as rate-cut expectations shift, suggesting risk-on sentiment may return. If equities extend higher, Elliott Wave analysis signals the dollar could move lower from key resistance.

Bitcoin bounced from the $80K level after a hard crash, forming a bullish hammer, but strong overhead resistance and weak market sentiment keep the broader trend bearish.