Early trading in the Asian market, boosted by the rise in the Japanese stock market, risk appetite heated up, and the yen weakened against most other G10 currencies and Asian currencies. Japan's economic data released earlier also showed that consumer prices excluding fresh food in Tokyo rose 2.3% year on year in December, lower than expected. The data could weaken the reason for the Bank of Japan to raise interest rates quickly and put pressure on the yen. The dollar rose 0.3% against the yen to 156.19 yen; the Australian dollar rose 0.4% against the yen to 104.80 yen; and the euro rose 0.4% against the yen to 184.15 yen.

Early trading in the Asian market, boosted by the rise in the Japanese stock market, risk appetite heated up, and the yen weakened against most other G10 currencies and Asian currencies. Japan's economic data released earlier also showed that consumer prices excluding fresh food in Tokyo rose 2.3% year on year in December, lower than expected. The data could weaken the reason for the Bank of Japan to raise interest rates quickly and put pressure on the yen. The dollar rose 0.3% against the yen to 156.19 yen; the Australian dollar rose 0.4% against the yen to 104.80 yen; and the euro rose 0.4% against the yen to 184.15 yen.