The yen appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the Â¥99.00 figure and was capped around the Â¥99.75 level. The Fukuda government is pressuring opposition lawmakers to end the vacancy atop Bank of Japan following former Governor Fukuiâ€™s retirement on Wednesday and lawmakersâ€™ refusal to accept a couple of former MoF compromise candidates. New BoJ Deputy Governor Shirakawa will assume the helm temporarily but policymakers want the vacancy filled quickly given the current bout of instability in the global financial markets. The Nikkei 225 stock index gained 1.81% to close at Â¥12,482.57. Dollar offers are cited around the Â¥102.05 level. The euro weakened vis-Ã -vis the yen as the single currency tested bids around the Â¥153.00 figure and was capped around the Â¥154.15 level. The British pound and Swiss franc depreciated vis-Ã -vis the yen as the crosses tested bids around the Â¥196.55 and Â¥98.30 levels, respectively. The Chinese yuan weakened vis-Ã -vis the U.S. dollar as the greenback closed at CNY 7.0540 in the over-the-counter market, up from CNY 7.0516.
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