The Japanese Yen weakened against the US Dollar on Monday, with USD/JPY trading around 158.10, marking a 0.17% increase for the day, according to FX Street.
This depreciation is largely attributed to the widening yield gap favoring the US Dollar, which continues to attract investors seeking higher returns amid divergent monetary policies.
For Japanese markets, the yen’s softness against the dollar adds pressure on import costs but could benefit exporters as global economic uncertainties persist.