The yen depreciated vis-Ã -vis the U.S. dollar today as the greenback tested offers around the Â¥99.20 level and was supported around the Â¥98.60 level. Prime Minister Aso reported €œJapan and Germany are the biggest economic nations in Europe on the one side and Asia on the other side. And that's why we both must carry a big responsibility in the international community.€ He added €œa lot of financial means will be used in the recovery of the economy.€ Japan€™s Golden Week holidays conclude today and liquidity should return to normal overnight. The Nikkei 225 yesterday stock index will next reopen at Â¥8,977.37. 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¥131.50 level and was capped around the Â¥132.80 level. The British pound moved higher vis-Ã -vis the yen as sterling tested offers around the Â¥149.85 level while the Swiss franc moved lower vis-Ã -vis the yen and tested bids around the Â¥87.00 figure. In Chinese news, the U.S. dollar closed at CNY 6.8190 in the over-the-counter market, down from CNY 6.8225.
Join the Discussion