Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve interest rate cuts this year.
"It's more a case of market squaring up a little bit ahead of the U.S. inflation data," said Christopher Wong, currency strategist at OCBC Bank in Singapore.
The dollar was trading at 146.87 yen , up 0.2% from late U.S. levels on Friday.
The Aussie was barely up at $0.6577 on Monday, while the New Zealand dollar stayed below last week's three-week high of $0.6035.
Implied volatility on the yen, measured in yen options, has also subsided.
Persons:
Bank of Japan's hawkishness, Jackson, Christopher Wong, J.P, Morgan
Organizations:
Bank of Japan's, Federal Reserve, Nvidia, OCBC Bank, New Zealand, Reserve Bank of New, Bank, Japan, U.S . Commodity Futures Trading Commission
Locations:
U.S, Singapore, Reserve Bank of New Zealand