The yen appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the Â¥95.70 level and was capped around the Â¥96.30 level. The government reported large Japanese firms became less pessimistic about the economy between the April and June quarter, with the large company business sentiment index at -22.4, significantly above the -51.3 print in the January € March quarter. Large manufacturers€™ sentiment improved to -13.2 from the record low -66.0 in the first quarter but the employment index worsened to -11.7 from -11.2 for large firms. Other data saw the April tertiary index print at 96.4, up 2.2% m/m. The Nikkei 225 stock index climbed 0.4% to close at Â¥9,826.27. 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¥132.50level and was capped the Â¥134.30evel. The British pound moved higher vis-Ã -vis the yen as sterling tested offers around the Â¥156.40 level while the Swiss franc moved higher vis-Ã -vis the yen and tested bids around the Â¥87.95 level. In Chinese news, the U.S. dollar strenghtened vis-Ã -vis the Chinese yuan as the greenback closed at CNY 6.8345 in the over-the-counter market, up from CNY 6.8337.
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