USD/JPY etches in a fresh high before risk cools off

• Early week's risk appetite hits a roadblock in Tokyo market session.
• Thin macro calendar has the markets waiting for inspiration.

The USD/JPY is capping off following the recent risk appetite surge, and the pair is settling back into 105.60.

Risk aversion in the Asia session is spiking again as the Japanese government resumes hearing testimony on the government's land sale scandal that saw the Japanese Ministry of Finance modify documents involved in a sale of government land to a school operator with personal ties to the Prime Minister, Shinzo Abe.

A lack of meaningful macro figures on the calendar for Tuesday leaves the pair exposed to swings in market sentiment. 

USD/JPY Levels to watch

This week's bid up on risk appetite has left the pair overextended and running into heavy resistance at previous support from 105.65 to 105.75, while support hangs back at last Friday's swing high at 105.30 and the recent low of 104.65.