The Japanese Yen weakened against major currencies on Monday, retreating by 0.6% to about 158.80 against the US Dollar during the European trading session, according to FX Street.
This decline followed the release of a surprising current account deficit, which pressured the currency amid concerns over Japan's external balance. The move highlights sensitivity in the FX market to Japan's trade and financial flows.
Investors remain watchful as Japan's persistent current account deficits could influence monetary policy and impact the yen's trajectory in global markets.