The yen depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥108.30 level and was supported around the ¥107.75 level. Technically, the pair continues to orbit the ¥108.15 level, representing the 61.8% retracement of the move from ¥110.10 to ¥104.95. Data released in Japan overnight saw the December index of leading economic indicators upwardly revised to 45.0 from 40.0 while the coincident index was upwardly revised to 70.0. Other data saw average monthly cash earnings including bonuses off 1.7% y/y in December while the December tertiary index was off 0.6% m/m in December. Bank of Japan Governor Fukui speaks later in the week and the central bank is expected to keep the overnight call rate unchanged at 0.50% for the foreseeable future. The Nikkei 225 stock index climbed 0.09% to close at ¥13,365.40. Dollar bids are cited around the ¥105.65/ 104.95 levels. The euro gained ground vis-à-vis the yen as the single currency tested offers around the ¥158.55 level and was supported around the ¥158.10 level. The British pound and Swiss franc moved lower vis-à-vis the yen as the crosses tested bids around the ¥210.55 and ¥97.95 levels, respectively. The Chinese yuan appreciated vis-à-vis the U.S. dollar as the greenback closed at CNY 7.1623 in the over-the-counter market, down from CNY 7.1825. Data released in China saw January actual foreign direct investment print at US$ 11.2 billion, up 109.78% y/y. Also, January producer price inflation was up 6.1% y/y