The Yen traded lightly against the dollar with no significant economic releases overnight, while it gained against the Euro on negative European sentiment. The USD/JPY traded range bound between 111.40 and 111.70. The EUR/JPY fell 60 points on European Union pessimism, ending at 132.83 as of 09:40 GMT. The Japanese monetary basis came in at 1.7% compared to 2.2% the previous period. This is the second straight period in which the monetary base has dropped. Looking ahead, the Leading Economic Index will be released on the July 6th at 05:00 GMT, it is expected to be 40.0%. The Coincident Index will also be released on the July 6th at 05:00 GMT, it is expected to be 55.6% Japanese stocks rose for the fifth straight day with the Nikkei 225 gaining 0.20% to end at 11,651.55. The Topix index rose 4.29 points as it went to 1186.09, experiencing its highest levels since April 11, 2005. Investors believe that export reliant Japanese businesses will get a boost in demand from the US due to the strong dollar. Nissan gained 1.1% to finish at 1,116 Yen. Nissan is JapanВ's 2nd largest automaker. Canon rose 0.9% to end at 5,930 Yen. Canon is the worldВ's largest producer of digital cameras. NTT DoCoMo fell 0.6% to end at 164,000 Yen. NTT operates mobile phone services in Japan. Yields on Japanese bonds grew to their highest levels in over two weeks on expectations that the Japanese economy is expanding in this weekВ's data. Yields on ten-year JGBs due June 2015 were up 4 basis points to end at 1.21%. Ten-year JGBs fell 0.360 points to 100.799.