The yen depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥89.85 level and was supported around the ¥88.35 level. The pair moved higher following a significant round of intervention from Asian central banks during the Australasian session. Japanese monetary authorities are not believed to have intervened overnight but other countries are said to have sold their local currencies and bought U.S. dollars en masse. Data released in Japan overnight saw August core machinery orders up 0.5% m/m. Finance minister Fujii reported it is Bank of Japan to determine when to wind down its corporate debt purchasing program. Deputy Prime Minister called on the BoJ to keep their programs intact, noting Funding conditions for small companies are still very severe. I hope they won't take action that contradicts that. Fujii reiterated the U.S.'s easy monetary policy is the cause for the dollar's weakness now and added the U.S. wants a strong dollar. The Nikkei 225 stock index climbed 1.87% to close at ¥10,016.39. U.S. dollar offers are cited around the ¥94.75 level. The euro moved higher vis-à-vis the yen as the single currency tested bids around the ¥132.20 level and was supported around the ¥130.65 level. The British pound moved higher vis-à-vis the yen as sterling tested offers around the ¥143.10 level while the Swiss franc moved higher vis-à-vis the yen and tested offers around the ¥87.05 level. In Chinese news, the U.S. dollar weakened vis-à-vis the Chinese yuan as the greenback closed at CNY 6.8211 in the over-the-counter market, down from CNY 6.8220. Chinese officials have recently indicated they will stimulate domestic final private demand to reduce China's dependence on foreign trade.