News Column

Dollar trades in lower 102 yen zone in early Tokyo deals

May 12, 2014

The U.S. dollar traded in the lower 102 yen zone in Tokyo early Tuesday, almost unchanged from its overnight levels in New York.

At 9 a.m., the dollar fetched 102.18-19 yen compared with 102.07-17 yen in New York and 101.89-91 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.3754-3757 and 140.55-58 yen against $1.3753-3763 and 140.44-54 yen in New York and $1.3770-3771 and 140.31-35 yen in Tokyo late Monday afternoon.

In New York overnight, the dollar was bought on increased risk appetite as the Dow Jones Industrial Average rose to an all-time high, dealers said.

The dollar was also supported by a rise in U.S. long-term interest rates, they said.

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Source: Japan Economic Newswire

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