Japanese business confidence improved in September, according to “Tankan”, a quarterly economic report. The national Bank of Japan has closely watched Tankan survey which shows how the economy picks up from its worst slump in decades. It probably will create an appreciation in the Japanese yen against other currencies.

The Tankan report showed that the headline index for big manufacturers' response was minus 33 in September. The corporate survey showed on Thursday that it has improved from minus 48 in the previous quarterly survey in June.

The US dollar dropped against major currencies on Wednesday in Forex Trading Online. The increase in consumer’s expectations within the U.S. economy increased the demand for riskier currencies and reduced the “safe-haven” demand for the US dollar.

The Swiss franc fell against the euro after speculation about how the Swiss National Bank may have intervened to weaken its currency and stimulate Swiss exporters; it is a common tradition of central banks of the entire world when the real exchange rate is “over appreciated”.