The yen appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the Â¥93.25 level and was capped around the Â¥94.45 level. Bank of Japan Governor Shirakawa yesterday indicated the central bank is eyeing an exit strategy from its quantitative easing programs around the end of the year. The central bank extended some emergency credit programs until December instead of six months and Shirakawa said a further improvement in financial conditions would likely result in an end to the programs. BoJ lifted its economic assessment for the third consecutive month, citing an increase in factory output and exports. BoJ reported €œJapan€™s economic conditions have stopped worsening. Japan€™s economic conditions are likely to turn upward over time.€ The bank also indicated business sentiment has stopped worsening. Data released in Japan today saw the May tertiary index decline 0.1% m/m. The Nikkei 225 stock index climbed 0.81% to close at Â¥9,344.16. 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¥131.60 level and was capped around the Â¥133.20 level. The British pound moved lower vis-Ã -vis the yen as sterling tested bids around the Â¥153.00 figure while the Swiss franc moved lower vis-Ã -vis the yen and tested bids around the Â¥86.70 level. In Chinese news, the U.S. dollar weakened vis-Ã -vis the Chinese yuan as the greenback closed at CNY 6.8303 in the over-the-counter market, down from CNY 6.8308. Data released in China today said saw second quarter economic growth expand 7.9% y/y, more-than-expected. The government said China€™s first half economic growth may help China reach its goal of 8% economic growth this year. Also, a government spokesman reported China wants to €œsee prices at reasonable levels.€ China€™s June consumer price index was off 1.7% y/y, the fifth consecutive monthly decline, while June€™s producer price index was off 7.8% y/y, the seventh consecutive monthly decline.