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The Euro (EUR) stages a mild recovery on Monday, favoured by a weaker US Dollar and a moderate risk-on sentiment.

In Monday 's session, the USD/JPY pair is making notable strides upward, trading around the 143.00 level.

The Mexican Peso (MXN) registered losses of more than 0.40% against the US Dollar (USD) earlier in the North American session, as the Bank of Mexico (Banxico) Governor Victoria Rodriguez Ceja crossed the wires.

In Monday's session, the USD/CHF pair dictated a bearish trail, having losses as it traded near the 0.8680 level.

The EUR/JPY gains traction on Monday as traders brace for Tuesday's Bank of Japan (BoJ) monetary policy decision during the Asian session.

The key event of the day will be the Bank of Japan's monetary policy decision.

The EUR/USD rose modestly on Monday, recovering after Friday's sharp decline.

On Monday's session, the NZD/JPY pair traded at 88.72, experiencing a slight 0.52% rally.

The US Dollar (USD) took a slight downturn in the early part of the week, bracing itself before the release of the Personal Consumption Expenditures (PCE) Price Index data on Friday, which is the Federal Reserve (Fed) preferred gauge of inflation.