The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the Â¥98.55 level and was capped around the Â¥99.50 level. The yen gave back earlier intraday gains after a slew of U.S. economic data were released and U.S. equity markets retained their gains. Data released in Japan overnight saw March total orders up 2.6% m/m and off 85.2% y/y, a staggering decline that evidences Japan€™s acute economic recession. The Nikkei 225 stock index gained 0.14% to close at Â¥8,755.26. 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 bids around the Â¥129.35 level and was capped around the Â¥132.00 figure. The British pound moved lower vis-à-vis the yen as sterling tested bids around the Â¥148.40 level while the Swiss franc moved lower vis-à-vis the yen and tested bids around the Â¥85.50 level. The Chinese yuan depreciated vis-à-vis the U.S. dollar today as the greenback closed at CNY 6.8286 in the over-the-counter market, up from CNY 6.8200. Data released in China today saw a higher-than-expected Q1 GDP up 6.1% y/y, off from 6.8% in Q4 2008. Other data saw March consumer price inflation off 1.2% y/y while Q1 producer price inflation was off 4.6%. The Chinese government reported the economy is still facing a slowdown pressure.