News Column

Dollar trades in upper 101 yen range in early Tokyo deals

February 4, 2014

TOKYO , Feb. 5 -- ( Kyodo ) _ The dollar traded in the upper 101 yen range in Tokyo early Wednesday in a rebound from the yen buying the previous day spurred by a global sell-off in equities on weak U.S. manufacturing data. At 9 a.m. , the dollar fetched 101.68-73 yen compared with 101.56-66 yen in New York and 101.09-10 yen in Tokyo at 5 p.m. Tuesday . The euro was quoted at $1.3515-3516 and 137.43-44 yen against $1.3513-3523 and 137.32-42 yen in New York and $1.3524-3525 and 136.72-76 yen in Tokyo late Tuesday afternoon. In New York overnight, the dollar drew buying against the yen after its fall to the upper 100 yen zone the previous day, with investors taking a respite from their flight to assets considered relatively safe as U.S. stocks rose, dealers said.

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Source: Japan Economic Newswire

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