The yen depreciated vis-Ã -vis the U.S. dollar today as the greenback tested offers around the Â¥100.55 level and was supported around the Â¥99.65 level. Data released in Japan overnight saw February core machinery orders unexpectedly climb +1.4% m/m, the first improvement in five months. Also, March machine tool orders were up +7.7% m/m and off a staggering 84.5% y/y. The Nikkei 225 stock index climbed 3.74% to close at Â¥8,916.06. 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¥131.85 level and was capped around the Â¥133.50 level. The British pound moved higher vis-Ã -vis the yen as sterling tested offers around the Â¥148.00 figure while the Swiss franc moved lower vis-Ã -vis the yen and tested bids around the Â¥86.55 level. The Chinese yuan depreciated vis-Ã -vis the U.S. dollar today as the greenback closed at CNY 6.8340 in the over-the-counter market, up from CNY 6.8320.
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