The yen depreciated vis-Ã -vis the U.S. dollar today as the greenback tested offers around the Â¥98.55 level and was supported around the Â¥96.90 level. Bank of Japan purchased Â¥1.1 billion in equities from banks between 23 February and 20 March. In February, BoJ decided to purchase Â¥1 trillion in bank-owned shares through April 2010. The yen was given across the board on increased risk appetite stemming from U.S. Treasury Secretary Geithner€™s plan announced yesterday to purchase toxic assets through public-private partnerships. Traders also paid close attention to BoJ Policy Board€™s meeting minutes overnight. The Nikkei 225 stock index climbed 3.32% to close at Â¥8,488.30. 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¥134.50 level and was supported around the Â¥132.00 figure. The British pound moved higher vis-Ã -vis the yen as sterling tested offers around the Â¥145.05 level while the Swiss franc moved higher vis-Ã -vis the yen and tested offers around the Â¥87.70 level. The Chinese yuan appreciated vis-Ã -vis the U.S. dollar as the greenback closed at CNY 6.8294 in the over-the-counter market, down from CNY 6.8335.
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