Japan's January Services PMI announced, with data reaching 53.4, a significant increase from the previous 51.6. The expansion of the services sector is accelerating, reflecting a strengthening signal of Japan's economic recovery. A PMI above 50 indicates expansion, and this data change has a positive impact on global risk asset sentiment. Investors typically pay attention to economic data from developed economies—positive economic performance often stimulates risk appetite and benefits cryptocurrencies. As the world's third-largest economy, Japan's service sector trends are worth continuous monitoring.