TOKYO , Jan. 16 -- ( Kyodo ) _ The U.S. dollar climbed to the upper 104 yen zone Thursday in Tokyo morning on strong U.S. regional manufacturing data and Japanese core machinery orders. At noon, the dollar fetched 104.88-92 yen compared with 104.51-61 yen in New York and 104.29-30 yen in Tokyo at 5 p.m. Wednesday . The euro was quoted at $1.3619-3620 and 142.84-85 yen against $1.3601-3611 and 142.23-33 yen in New York and $1.3643-3645 and 142.29-33 yen in Tokyo late Wednesday afternoon. Propelled by the dollar-favorable economic data, the U.S. currency continued to rebound from its recent sharp drop following disappointing payrolls data for December released on Friday. The Japanese government said in the morning that Japan's core private-sector machinery orders rose a seasonally adjusted 9.3 percent on month in November to their highest level in over five years, prompting traders to sell the safe-haven yen against major currencies. "The numbers somewhat created a risk-on mood among market participants, encouraging them to sell the Japanese currency," said Yuji Kameoka , chief foreign exchange strategist at Daiwa Securities Co. The dollar started building upward momentum in New York after an announcement by the Federal Reserve Bank of New York that the manufacturing index for the state jumped to a reading of 12.51 in January, the highest since May 2012 . "Concerns over the slowdown in the world's largest economy following the weak jobs data retreated" thanks to the far better-than-expected manufacturing number, Kameoka added.
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