The yen depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the Â¥96.95 level and was supported around the Â¥95.05 level. The yen was given across the board as risk appetite returned to the market following the stronger-than-expected U.S. July jobs report. Data released in Japan overnight saw the July trade surplus up 127.8% y/y at Â¥251.21 billion during the first twenty days of July. Liquidity will be reduced next week in Japan next week with the beginning of the O-bon summer holiday. Bank of Japan€™s Policy Board convenes next week and is not expected to change monetary policy at this time. The Nikkei 225 stock index climbed 0.23% to close at Â¥10,412.09. 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¥138.55 level and was supported around the Â¥136.50 level. The British pound moved higher vis-à-vis the yen as sterling tested offers around the Â¥162.45 level while the Swiss franc moved higher vis-à-vis the yen and tested offers around the Â¥90.60 level. In Chinese news, the U.S. dollar gained ground vis-à-vis the Chinese yuan as the greenback closed at CNY 6.8288 in the over-the-counter market, up from CNY 6.8283. Traders continue to express concern that People€™s Bank of China will begin to tighten monetary policy.