The Japanese Yen (JPY) fell to 160.11 against the US Dollar (USD) on Monday, once again breaching the market-watched 160 level. US Treasury Secretary Scott Bessent stated in an interview on Sunday that the recent JPY movements are "largely under control" and not the "disorderly" conditions that previously triggered intervention. He also noted that he expects Bank of Japan (BOJ) Governor Kazuo Ueda to "do the right thing" on monetary policy and plans to meet with him during this week's G20 Finance Ministers meeting. Scott Bessent further clarified that Japan's "Abenomics" era has ended, and the Japanese economy is transitioning to a new phase of "Kishidanomics," characterized by greater market orientation.