The Yen traded in a tight range today with both the Japanese stock and bond markets closed for Marine Day holiday. Foreign Exchange traders are carefully watching Hurricane Emily to see how it affects crude oil prices; which have an inverse relationship with the Yen. The USD/JPY bound between 112.00 and 112.30; ending at 112.24 as of 10:16 GMT. The EUR/JPY rose 40 pips to end at 135.44 as of 10:16 GMT. Looking ahead, the Leading Economic Index will be released at 04:00 GMT; it is expected to be 37.0%. The Leading Economic Index came out at 40.0% the previous period. The Coincident Index will also be released latter today at 04:00 GMT, it was 55.6% the previous period.