News Column

Dollar in mid-101 yen zone in early Tokyo trading

May 15, 2014

The U.S. dollar traded in the mid-101 yen zone in Tokyo early Friday, down slightly from its overnight levels in New York.

At 9 a.m., the dollar fetched 101.48-49 yen compared with 101.54-64 yen in New York and 102.02-03 yen in Tokyo at 5 p.m. Thursday.

The euro was quoted at $1.3716-3717 and 139.20-22 yen against $1.3705-3715 and 139.23-33 yen in New York and $1.3674-3675 and 139.51-55 yen in Tokyo late Thursday afternoon.

In New York overnight, a risk-averse mood grew further as the U.S. stock market continued to fall, prompting buying of the yen against the dollar. Falling U.S. long-term interest rates also backed the yen-buying, dealers said.

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Source: Japan Economic Newswire

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