17 June 2005, 16:04  Yen doesn't move up in Japanese trading overnight

Despite positive economic data, the Yen did not move up in Japanese trading overnight. USD/JPY traded between 108.80 and 109.10. The EUR/JPY meanwhile advanced steadily after a decline from yesterday's midday trading. Japan's leading Economic Index (APR F) came in at 31.8% just as expected, above the previous reported value of 25.0%. JapanВ's Coincident Index (APR F) printed at 50.0%, much higher than the expected 40.0%. The Coincident Index numbers outperformed the previous periodВ's numbers of 44.4%. Looking ahead to next week, Bank of Japan will release an announcement on Monetary Policy . Japanese stocks have reached a two month high in Friday's trading. The Nikkei moved up 0.9% ending at 11,514.03. The Topix was up 1.0% to finish at 1,172.33.

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