TOKYO , Jan. 17 -- ( Kyodo ) _ The U.S. dollar remained directionless in a narrow range at the lower 104 yen level Friday in Tokyo after the release of mixed U.S. economic data overnight. At 5 p.m. , the dollar fetched 104.33-34 yen compared with 104.30-40 yen in New York and 104.74-75 yen in Tokyo at 5 p.m. Thursday . It moved between 104.20 yen and 104.42 yen during the day, changing hands most frequently at 104.37 yen . The euro was quoted at $1.3597-3598 and 141.86-90 yen against $1.3615-3625 and 141.07-17 yen in New York and $1.3608-3609 and 142.53-57 yen in Tokyo late Thursday afternoon. The dollar held to a limited range throughout Tokyo trading, after edging down within the lower 104 yen zone in New York the previous day. "It is natural for the dollar to move only slightly as there were few market moving clues today," said Daisuke Karakama, a market economist at Mizuho Bank . The upcoming long weekend in the United States , with Monday falling on a public holiday, and a lack of major economic indicators next week also contributed to subdued trading, Karakama added. In New York on Thursday, the U.S. currency was sold against the yen as a drop in U.S. Treasury yields stoked speculation that the Japan-U.S. interest rate gap would narrow, dealers said. The core consumer price index in the United States , whose pace of rise was rather weak, "appeared to have affected the market," said Yuzo Sakai , manager of foreign exchange business promotion at Tokyo Forex & Ueda Harlow . The U.S. Labor Department said the core CPI, excluding volatile energy and food components, increased 0.1 percent in December, compared with a 0.2 percent rise in the previous month. The department also said initial claims for state unemployment benefits decreased by 2,000 to a seasonally adjusted 326,000 last week, compared with the market expectation of 328,000.
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Vybz Kartel Convicted of Murder
- SoCalGas Reaches Record Spend on Diversity Suppliers
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Stocks Close Lower Ahead of Crimea Vote
- U.S. Consumer Sentiment Falls in Early March
- Jittery Investors Dumping Russian Stocks
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Ulta Shares Look Good on Strong Q4