Bank of Japan Governor Kazuo Ueda said on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts. "The timing for when we'll adjust the degree of our monetary support will depend on the economic,

The yen weakened as much as 0.5% to ¥155.14 against the dollar as Ueda’s comments proved less hawkish than some market participants had expected.

Asia-Pacific markets trade mostly higher on Monday, following Japan's central bank's head's speech that left markets uncertain about the country's rate outlook; investors await China’s Loan Prime Rate decision and Nvidia's earnings release this week.