Tokyo: The US dollar weakened on Wednesday, while the Japanese yen maintained its recent gains, buoyed by a rally in Japanese equities and investor expectations that Prime Minister Sanae Takaichi's landslide victory would bolster her fiscal policy agenda.

According to Qatar News Agency, the yen rose 0.1% to 154.22 per dollar, extending gains from the previous session when it climbed around 1% and advanced against other major currencies. Meanwhile, the euro edged up 0.04% to $1.1899, and the pound sterling firmed to $1.3646.

The dollar index, which tracks the US currency against a basket of major peers, slipped 0.12% to 96.80, reflecting the shift in investor confidence towards the yen following the positive developments in Japan's political landscape.