During Friday early Asian deals, the Japanese unit showed mixed trading against its major counterparts. Thus, yen crept higher against the US and British currencies, while it eased against the euro. At the same time, the Swiss franc, the Japanese currency showed choppy trading. The Japanese benchmark index Nikkei increased sharply today and hit its highest intra-day levels since early October 2008 as stocks surged higher on better-than-expected earnings, a weaker yen and a bright close on Wall Street overnight. The Nikkei that moved on to 10,313 early in morning today, later raised by 140.5 points or 1.38% to 10,306 level. The Japanese unit, that closed yesterday's trading at 95.57 against the dollar strengthened to 95.27 during early Asian deals on Friday, with 94.5 expected as the near term resistance level. Yen also strengthened versus the British pound early in Asia today, climbing to 157.36, compared to Thursday's closing value of 157.72. On the upside, GBP/JPY rally was likely to move up to 155.3 level. On the other hand, against the 16-nation currency, yen, that closed Thursday’s North American deals at 134.54, slipped to 134.70 in early Asian trading on Friday, with 136.0 seen as the next target level for the Japanese currency. Against the Swiss franc, yen bounced between 87.75 and 88.0 early in Asia today, with 88.2 and 87.3 seen as the next upside and downside targets.

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