However, investor sentiment remained fragile, with the yen last at 147.16 per dollar on Monday, having touched a seven-month high of 141.675 last week, a far cry from the 38-year lows of 161.96 it was rooted to at the start of July.
On Wednesday, US consumer price index data for July is due and is expected to show that month-on-month inflation ticked up to 0.2 per cent.
Oil prices eased in early trading after a 3 per cent jump in the previous session as investors kept an eye on widening conflict in the Middle East that could tighten global crude supplies.
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