India, Jan. 14 -- The Japanese yen continued to weaken against other major currencies in the Asian session on Wednesday, as worries over Japan's political future were raised, following suggestions that Japanese Prime Minister Sanae Takaichi could call an early snap election.

Reports showed that Takaichi would announce her intention to dismiss parliament on Wednesday, ahead of the start of fresh elections. Asian stock markets traded mostly higher, boosted by the continuing record run by Japan's Nikkei. Report showing US consumer prices increased in line with estimates, while core consumer prices rose by slightly less than expected, has added to recent optimism about the outlook for interest rates.

While the US Fed is widely expected to l...