The Japanese yen showed weakness as foreign exchange markets resumed trading following Prime Minister Ishiba Shigeru's announcement of his resignation.

The USD/JPY pair gained 0.6%, reaching 148.40.

On Friday, the currency pair had declined 0.7% due to weaker-than-expected U.S. employment data that led to dollar weakness.

At a press conference held in Tokyo on Sunday, Ishiba stated: "With the conclusion of U.S. trade negotiations, I believe now is an appropriate time to step down and make way for my successor."

He will continue to serve as Prime Minister until a successor takes office.