The yen appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the Â¥97.25 level and was capped around the Â¥98.80 level. Risk aversion returned to the market as traders reacted to press reports that U.S. banks€™ stress tests results may have been watered down by the Federal Reserve following lobbying from banks. The March leading index, coincident index, and April official reserves assets data will be released overnight. The Nikkei 225 yesterday stock index climbed 0.20% to close at Â¥9,451.98. 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 offers around the Â¥132.05 level and was capped around the Â¥134.80 level. The British pound moved lower vis-Ã -vis the yen as sterling tested bids around the Â¥146.75 level while the Swiss franc moved lower vis-Ã -vis the yen and tested bids around the Â¥87.70 level. In Chinese news, the U.S. dollar depreciated vis-Ã -vis the Chinese yuan as the greenback closed at CNY 6.8235 in the over-the-counter market, down from CNY 6.8250.
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