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As reported by Reuters, Ian Stannard of European currency strategists BNP Paribas commented: "The yen is likely to remain weak, particularly as we head into the fiscal year-end."
Forex trading on Monday also saw Japan register its first current account deficit in 13 years, while worries about the potential economic downturn facing the Asia country continued.
Decreasing returns from overseas investment and falling demand for exports were also cited by the news agency as reasons for the currency trend in Japan.
The development comes after the euro fell against the yen and the dollar last Thursday ahead of the European Central Bank's (ECB) decision on interest rates.
A 0.5 per cent rate cut was subsequently announced by the ECB and the Bank of England also cut UK interest rates by the same margin.
