The Japanese yen experienced further weakening as traders refocused on Japan's interest rate outlook, following a sharp rebound on Friday. This currency volatility has been closely monitored by Japan's top officials, including the Bank of Japan Governor Kazuo Ueda, who emphasized the need for stable currency movements and warned of a potential policy move reflecting fundamental economic factors. Ueda also confirmed close collaboration with the government to achieve the 2% inflation target, amidst discussions on the potential impact of currency fluctuations on monetary policy. The U.S. has urged caution on interventions, which adds to the complexity of Japan's fiscal and monetary strategy in managing the yen's value amidst a wide yield gap between the US and Japan.