The yen rose against the U.S. dollar on Wednesday in Asia after data showed Japan’s exports in February slid.

The USD/JPY pair traded 0.5% lower to 107.15 by 12:30 AM ET (04:30 GMT).

Data released on Wednesday showed Japan's exports slipped 1.0% from a year earlier. It was the 15th straight month of decline and the longest run since a 23-month stretch to July 1987. However, the drop was less than the 4.3% predicted by analysts.

Imports fell 14.0% during the period, the data showed.

Meanwhile, the U.S. dollar index lost 0.3% to 99.540. Risk appetite resumed amid a rally on Wall Street after reports said the Trump administration is considering a plan that could amount to as much as $1.2 trillion in spending.

The package could include direct payment of $1,000 or more to Americans.

The news came after the U.S. Federal Reserve rolled out financial-crisis-era measures again this week after detailing plans to create a lending facility to support short-term commercial debt markets to avert a liquidity crisis from the impact of the coronavirus spread.

The AUD/USD pair rose 0.1% to 0.6005, while the NZD/USD pair gained 0.4% to 0.5954.

The GBP/USD pair and the EUR/USD pair advanced 0.3% and 0.5% respectively.

Source : Investing.com