My wife rides a 796 and is even lighter than you at 103lbs (47Kg). Getting this bike to ride nicely on rough country roads (as opposed to super smooth race tracks) has been a challenge but we got there in the end.
Some of the things we have done are specific to the 696/796/1100 series of Monsters and not applicable to you, but other things should be possible.
I'll start with the "free" one first:
You may benefit from reducing the pressure in your tires, this will only help with compensating for small road-surface irregularities, but its an easy first step.
Consider this: On cars, the tire placard usually specifies higher air pressure in the rear tires when carrying heavy loads, and lower pressures when travelling light (no rear passengers etc). On bikes, the air pressure specified takes into account the combined weight of the bike and the 'designed for' weight of 175lb (80Kg) of a rider.
The air pressure in the tire provides an internal force designed to balance the external force produced by the weight of the bike+rider that is trying to deform it. If the rider weighs substantially less than the 'designed for' weight of 175lbs (80Kg) then the combined weight will be lower and less air pressure is needed to maintain the tire profile.
Noting that your about 40lbs below the rider weight the bike was set-up for, its only natural that you will need less pressure in the tires to maintain the profile (and intended response to bumps) of the tire.
We have found that reducing the tire pressures on my wife's 796 to 25PSI-Front and 29PSI-Rear has worked well. I don't suggest you go this low, but you can experiment by taking out 1 PSI at a time to see if it improves the ride.
We were able to replace the non-adjustable Showa forks on the 796 with fully adjustable Marzochi forks from an 1100evo. Unfortunately the Marzochis aren't all that adjustable either, their damper valve needles are quite 'blunt' (more like nubs than needles) and have a very on/off effect on the fluid flow. We ended replacing the valves with KTEC valves which have longer, more finely tapered needles and provide better adjustability.
We also replaced the fork springs with lighter ones and the rear shock with a Wilbers 641 that was built-to-spec by Wilbers to cater for rider weight and type of use intended (for us this is fast-touring on country roads).