The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the Â¥96.55 level and was capped around the Â¥98.50 level. The U.S. dollar sputtered lower after yesterday€™s massive sell-off in U.S. equity markets and an ensuing sell-off in Asian markets. Traders drove the greenback lower ahead of the terrible U.S. February non-farm payrolls report. Data released in Japan overnight saw the trade balance print at -Â¥131 billion between 1-20 February, down from a Â¥413 billion surplus one year ago. The Nikkei 225 stock index lost 3.50% to close at Â¥7,173.10. U.S. dollar offers are cited around the Â¥104.15 level. The euro moved lower vis-à-vis the yen as the single currency tested offers around the Â¥123.90 level and was supported around the Â¥122.35 level. The British pound moved lower vis-à-vis the yen as sterling tested bids around the Â¥137.25 level while the Swiss franc moved higher vis-à-vis the yen and tested offers around the Â¥84.90 level. The Chinese yuan appreciated vis-à-vis the U.S. dollar as the greenback closed at CNY 6.8395 in the over-the-counter market, down from CNY 6.8409. People€™s Bank of China reported it will continue to reform the yuan€™s exchange rate this year and €œkeep it at a reasonable and balanced level.€