The Japanese yen traded around 158 per dollar on Monday, holding at one-year lows, though moves were limited as local markets were closed for a holiday. Political uncertainty rose after Prime Minister Sanae Takaichi’s coalition partner suggested a snap election could be held on February 8 or 15. The currency also faced pressure from mixed economic data that complicated the Bank of Japan’s rate-hiking path. Last week, BOJ Governor Kazuo Ueda reiterated that the central bank would continue raising interest rates if economic and price developments move in line with forecasts, signaling a cautious but flexible approach to monetary policy. Investors now await a series of economic reports this week for further guidance, including current account figures, machine tool orders, producer inflation, and business sentiment data.