The Japanese yen slipped past 144.2 per dollar on Monday, extending losses for a second consecutive session, as the US dollar strengthened on increased safe-haven demand. Those moves came as the attacks between Israel and Iran intensified over the weekend, with both nations targeting each other’s energy infrastructure, leading to further rally in oil prices. This would make the Federal Reserve less likely to cut interest rates further in the near-term as policymakers grapple with tariff-related and inflationary risks. Domestically, investors are focused on the Bank of Japan’s upcoming policy decision. The central bank is widely expected to keep interest rates unchanged this week as officials monitor global developments and assess the impact of rising oil prices on Japan’s inflation outlook.