The yen appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the Â¥96.65 level and was capped around the Â¥98.15 level. Data released in Japan overnight saw March corporate service price index climb 0.9% m/m and decline 2.1% y/y. The Nikkei 225 stock index lost 1.57% to close at Â¥8,707.99. 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¥127.25 level and was capped around the Â¥129.25 level. The British pound moved lower vis-Ã -vis the yen as sterling tested bids around the Â¥141.15 level while the Swiss franc moved higher vis-Ã -vis the yen and tested offers around the Â¥85.60 level. The Chinese yuan appreciated vis-Ã -vis the U.S. dollar today as the greenback closed at CNY 6.8230 in the over-the-counter market, down from CNY 6.8233. People€™s Bank of China adviser Fan said China can still record 7-8% growth this year.
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