The Japanese yen weakened against other major currencies in the Asian session on Monday, as investors are still concerned that the Middle East crisis and ongoing disruptions to the Strait of Hormuz energy supply would continue to put pressure on Japan's economy.
Investors remain cautious amid renewed uncertainty about the peace deal to end the Middle East war after US President Donald Trump threatened fresh strikes if Hezbollah continues its attacks on Israel, while Tehran announced the closure of the Strait of Hormuz again.
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