The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the Â¥94.00 figure and was capped around the Â¥95.25 level. The pair extended its recent sell-off and reached its lowest level since 19 March as risk aversion returned to the market ahead of the long holiday weekend in Europe and the U.S. Data released in Japan overnight saw the March tertiary index print at 100.8, off 4.0% m/m and worse than February€™s 1.3% decline. The tertiary index was also off 3.2% q/q in the January € March quarter, worse than the 1.7% pullback in the October € December period. The March leading index and coincident index will be released in Japan overnight. The Nikkei 225 yesterday stock index lost 0.86% to close at Â¥9,264.15. U.S. dollar offers are cited around the Â¥104.15 level. The euro moved higher vis-à-vis the yen as the single currency tested offers around the Â¥131.50 level and was supported around the Â¥129.85 level. The British pound moved lower vis-à-vis the yen as sterling tested bids around the Â¥146.85 level while the Swiss franc moved lower vis-à-vis the yen and tested bids around the Â¥85.50 level. In Chinese news, the U.S. dollar appreciated vis-à-vis the Chinese yuan as the greenback closed at CNY 6.8250 in the over-the-counter market, up from CNY 6.8215.