TOKYO , Jan. 27 -- ( Kyodo ) _ The U.S. dollar traded in the lower 102 yen zone early Monday in Tokyo , after hitting a one-and-a-half-month low in the upper 101 yen range at one point, down from its levels in New York on Friday. At 9 a.m. , the dollar fetched 102.06-08 yen compared with 102.34-44 yen in New York and 103.36-37 yen in Tokyo at 5 p.m. Friday . The euro was quoted at $1.3687-3688 and 139.69-73 yen against $1.3673-3683 and 139.90-140.00 yen in New York and $1.3686-3687 and 141.46-50 yen in Tokyo late Friday afternoon. The dollar continued its downswing seen in New York on Friday amid a persisting risk-averse mood due to a gloomy outlook for emerging economies, including Argentina . Selling of the U.S. currency against the yen was prompted by a drop in U.S. Treasury bond yields that stoked speculation that the Japan-U.S. interest rate gap would narrow.
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