The Japanese yen is sliding

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(Markets Insider)

The Japanese yen keeps tricking down.

The currency is down by 0.3% at 104.52 per dollar as of 7:40 a.m. ET.

Earlier, Japanese stocks climbed to near five-month highs.

The Topix index ticked up for the second day in a row, and finished at the highest level since May 31.

As for the rest of the world, here's the scoreboard as of 7:42 a.m. ET:

• The euro is little changed at 1.0882 against the dollar after being in the red earlier in the day. The Germany's Ifo Business Climate survey rose to 110.5 in October — the highest print since April 2014. "The upturn in the German economy is gathering impetus," Prof. Dr. Clemens Fuest, President of the Ifo Institute, wrote in the report.

• The Russian ruble is up by 0.3% at 62.0275 per dollar, while Brent crude oil, the international benchmark, is up by 0.3% at $51.60 per barrel.

• The US dollar index is little changed at 98.71 ahead of the FHFA Home Price Indexand consumer confidence reports, which will be released at 9 a.m. ET and 10 a.m. ET, respectively.

• The Australian dollar is up by 0.3% at .7639 per dollar.

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