In his remarks, BOJ Governor Ueda emphasized that the bank will consider whether or not to raise interest rates at each policy meeting including the next one in December. He said there is no need to wait until next January, when the Trump administration will take office to assess the administration policies.

The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month.

USD/JPY steadied after Japans central bank chief signaled a potential interest rate hike, but the timing remained uncertain. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would rise gradually if