The Japanese yen rose by about 0.8% at the beginning of trading on Monday, driving other non-US currencies higher.

The Japanese yen strengthened, with the USD/JPY falling by about 0.78% to 154.49 at the beginning of Monday trading. This was after Japanese Prime Minister Kaishii Soumai pledged to take action against exchange rate fluctuations. The USD/CHF fell by over 0.6% to 0.7751, while the EUR/USD rose by 0.4% to 1.1873.