The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥89.45 level and was capped around the ¥90.20 level. Data released in Japan today saw September bank lending up 1.6% y/y while the September M3 money supply was up 2.2% y/y. Asian monetary authorities intervened last week by buying U.S. dollars. Most traders believe Bank of Japan will keep interest rates unchanged for months and the major question is when the central bank will end its emergency lending programs. The Nikkei 225 stock index climbed 0.60% to close at ¥10,076.56. 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 offers around the ¥133.25 level and was supported around the ¥132.55 level. The British pound moved higher vis-à-vis the yen as sterling tested offers around the ¥142.20 level while the Swiss franc moved higher vis-à-vis the yen and tested offers around the ¥87.80 level. In Chinese news, the U.S. dollar weakened vis-à-vis the Chinese yuan as the greenback closed at CNY 6.8222 in the over-the-counter market, up from CNY 6.8211. Chinese officials have recently indicated they will stimulate domestic final private demand to reduce China's dependence on foreign trade.