NEW YORK—The Japanese yen weakened against the dollar for a second day on Monday, giving back most of a rally last week on expectations of less dovish monetary policy, and as investors awaited U.S. inflation data and three major central bank meetings.
The Japanese currency surged on Thursday after Bank of Japan (BOJ) governor Kazuo Ueda said the central bank had several options on which interest rates to target once it pulls short-term borrowing costs out of negative territory, and had on the same day met with Prime Minister Fumio Kishida.
