India, Jan. 12 -- The Japanese yen weakened against other major currencies in the Asian session on Monday, due to the Bank of Japan's or BoJ uncertainty and reports that Japan's Takaichi would hold an early election.

Due to the growing Japan-China split and the uncertainty around the Bank of Japan's (BoJ) upcoming interest rate hike, the Japanese yen (JPY) continues to perform quite poorly.

In reality, China has started limiting exports of dual-use items, including some rare earth elements, to Japan after intensifying its conflict with Japan last week.

The ban comes after a political dispute over Taiwan and increased supply-chain risk for Japanese manufacturers.

Some media reported that Sanae Takaichi, the prime minister of Japan, was...