The yen depreciated vis-Ã -vis the U.S. dollar today as the greenback tested offers around the Â¥101.45 level and was supported around the Â¥100.15 level. Bank of Japan reported it will provide the Federal Reserve with up to Â¥10 trillion in a liquidity swap agreement to assist U.S. banks access foreign currency. Data released in Japan overnight saw February leading indicators improved to 20.0 from 9.1 in January. The Nikkei 225 stock index climbed 1.24% to close at Â¥8,857.93. U.S. dollar offers are cited around the Â¥104.15 level. The euro moved lower vis-Ã -vis the yen as the single currency tested bids around the Â¥134.70 level and was capped around the Â¥137.40 level. The British pound moved lower vis-Ã -vis the yen as sterling tested offers around the Â¥148.45 level while the Swiss franc moved lower vis-Ã -vis the yen and tested offers around the Â¥88.40 level. The Chinese yuan was unchanged vis-Ã -vis the U.S. dollar today as the greenback closed at CNY 6.8343 in the over-the-counter market.
Join the Discussion