TOKYO , Jan. 15 -- ( Kyodo ) _ The U.S. dollar hovered in the lower 104 yen zone Wednesday in Tokyo , supported by the brighter outlook for the world economy released by the World Bank in the morning. At 5 p.m. , the dollar fetched 104.29-30 yen compared with 104.16-26 yen in New York and 103.45-46 yen in Tokyo at 5 p.m. Tuesday . It moved between 104.09 yen and 104.47 yen during the day, changing hands most frequently at 104.13 yen . The euro was quoted at $1.3643-3645 and 142.29-33 yen against $1.3672-3682 and 142.51-61 yen in New York and $1.3659-3661 and 141.31-35 yen in Tokyo late Tuesday afternoon. The dollar held firm in Tokyo trading, having neared the mid-104 yen line at one point, underpinned by the improving outlook for the global economy released mid-morning by the World Bank , dealers said. The World Bank projected developed economies will expand 2.2 percent overall in 2014 compared with an estimated 1.3 percent in 2013, with the U.S. growth rate rising to 2.8 percent this year from an expected 1.8 percent last year. The U.S. currency also benefited from steady demand by Japanese importers, dealers added. "By and large, the foreign exchange market has regained its calmness" after the dollar's sharp drop following the release of weaker-than-expected U.S. jobs data on Friday, a senior dealer at a major Japanese bank said. In New York overnight, the dollar rebounded to the 104 yen range from the 103 yen level in Tokyo on Tuesday, after the U.S. Commerce Department said retail sales gained 0.2 percent in December, against an expected rise of 0.1 percent. "The retail sales data was taken as positive and provided a sense of security to the market amid lingering uncertainty after the disappointing jobs number," the dealer said.
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