The Japanese yen weakened toward 148 per dollar on Monday, pulling back after last session’s gains as investors reassessed the US Federal Reserve’s policy trajectory. While Friday’s soft US jobs report bolstered expectations for a near-term rate cut, Fed officials have maintained a cautious stance, citing inflation risks tied to President Trump’s sweeping tariffs. The dollar regained some ground on the shift in sentiment, pressuring the yen. Meanwhile, markets are awaiting minutes from the Bank of Japan’s latest policy meeting for clues on the timing of a potential rate hike. The BOJ held rates steady last week but raised its inflation outlook, while flagging growing uncertainty from global trade tensions.