India, June 16 -- The Japanese yen weakened against other major currencies in the Asian session on Monday amid increased risk-on mood by the investors, boosted by strong gains in energy and mining stocks amid spiking commodity prices following the escalation in geopolitical tensions in the Middle East.
However, concerns of the tensions triggering a full-blown conflict in the Middle East continue to weigh on the markets.
Traders focus on the Bank of Japan (BOJ) and the U.S. Federal Open Market Committee (FOMC) monetary-policy meetings this week, for cues about the future policy outlook and a fresh impetus.
The BoJ widely expect to hold its benchmark rate steady at 0.5 percent at the June meeting. Meanwhile, some economists expect a hike i...