The Japanese Yen is weakening due to changes in risk sentiment.

In the morning session of the Asian market, boosted by the rise in the Japanese stock market, risk appetite has increased, and the Japanese yen has weakened against most other G10 currencies and Asian currencies. Earlier released Japanese economic data also showed that the year-on-year inflation rate in Tokyo in December, excluding fresh food, was 2.3%, lower than expected. This data may weaken the reasons for the Bank of Japan to quickly raise interest rates and put pressure on the yen. The US dollar rose 0.3% against the Japanese yen to 156.19 yen; the Australian dollar rose 0.4% against the Japanese yen to 104.80 yen; and the Euro rose 0.4% against the Japanese yen to 184.15 yen.