The yen appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the Â¥97.70 level and was capped around the Â¥98.85 level. As expected, Bank of Japan€™s Policy Board voted to keep interest unchanged and at ultra-accommodative levels overnight. More importantly, the central bank decided to purchase additional government bonds outright to ease credit strains heading into the fiscal year-end at the end of the month. BoJ will now purchase Â¥1.8 trillion every month, or Â¥21.6 trillion annually, up from the Â¥1.4 trillion monthly and Â¥16.8 trillion annual level established in January. The Nikkei 225 stock index climbed 0.29% to close at Â¥7,972.17. U.S. dollar offers are cited around the Â¥104.15 level. The euro moved higher vis-Ã -vis the yen as the single currency tested offers around the Â¥129.20 level and was supported around the Â¥128.00 figure. The British pound moved lower vis-Ã -vis the yen as sterling tested bids around the Â¥136.55 figure while the Swiss franc moved higher vis-Ã -vis the yen and tested offers around the Â¥84.30 level. The Chinese yuan appreciated vis-Ã -vis the U.S. dollar as the greenback closed at CNY 6.8347.
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