The US Dollar has reversed earlier gains against the Japanese Yen, and retreated below the 147.00 level on the European morning session, turning negative on daily charts and hitting session lows at 146.75 so far. The pair has come under increasing bearish pressure, with the US Dollar losing ground across the board. The Dollar remains vulnerable amid concerns about the consequences of the US government shutdown and weak labor figures, which have added pressure on the Fed to ease its monetary policy further. The Yen, on the other hand, remains buoyed by the hawkish summary of opinions released by the BoJ earlier this week. The report indicates that the board considered the possibility of raising interest rates, which has boosted hopes that the bank might tighten its monetary policy after the Liberal Democratic Party appoints a new prime minister at this weekend’s elections.