Japanese yen slipped against major currencies as traders' appetite for riskier assets picked up. The modest weakening reflects a broader shift in market mood, with investors rotating back into higher-yielding positions. When the yen softens, it typically signals diminishing safe-haven demand—a tell-tale sign that risk-on sentiment is gaining traction. For crypto portfolio managers, this kind of macro pivot matters: as traditional safe havens lose appeal, capital flows often migrate toward alternative assets and volatile markets. The timing aligns with growing comfort in global risk appetite, suggesting market participants are rotating out of defensive positioning.