News Column

Dollar in upper 101 yen zone in early Tokyo trading

May 14, 2014

The U.S. dollar traded in the upper 101 yen zone in Tokyo early Thursday, slightly lower than its overnight levels in New York.

At 9 a.m., the dollar fetched 101.77-78 yen compared with 101.86-96 yen in New York and 102.10-11 yen in Tokyo at 5 p.m. Wednesday.

The euro was quoted at $1.3717-3718 and 139.61-62 yen against $1.3710-3720 and 139.71-81 yen in New York and $1.3716-3717 and 140.04-08 yen in Tokyo late Wednesday afternoon.

In New York overnight, the dollar was sold amid a risk-averse mood prompted by a stock market decline. The Dow Jones Industrial Average fell for the first time in six trading days.

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Source: Japan Economic Newswire

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