The yen depreciated vis-Ã -vis the U.S. dollar today as the greenback tested offers around the Â¥98.20 level and was supported around the Â¥96.50 level. The yen was offered across the board as traders moved into higher-yielding assets following better-than-expected U.S. May non-farm payrolls data. Dealers continue to cite outgoing yen investment that is being directed to foreign corporate bond purchases and this continues to have a negative impact on the yen. Most Bank of Japan-watchers expect the central bank will keep monetary policy unchanged for the foreseeable future. The Nikkei 225 stock index climbed 1.02% to close at Â¥9,768.01. U.S. dollar offers are cited around the Â¥104.15 level. The euro moved higher vis-Ã -vis the yen as the single currency tested offers around the Â¥139.20 level and was supported around the Â¥136.85 level. The British pound moved higher vis-Ã -vis the yen as sterling tested offers around the Â¥158.50 level while the Swiss franc moved higher vis-Ã -vis the yen and tested offers around the Â¥91.40 level. In Chinese news, the U.S. dollar strengthened vis-Ã -vis the Chinese yuan as the greenback closed at CNY 6.8315 in the over-the-counter market, up from CNY 6.8298.
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