News Column

Dollar trades in upper 101 yen range in early Tokyo deals

July 2, 2014



The U.S. dollar traded in the upper 101 yen range in Tokyo early Thursday, slightly up from its levels in New York overnight.

At 9 a.m., the dollar fetched 101.83-87 yen compared with 101.72-82 yen in New York and 101.49-50 yen in Tokyo at 5 p.m. Wednesday.

The euro was quoted at $1.3653-3653 and 139.02-05 yen against $1.3655-3665 and 138.94-139.04 yen in New York and $1.3670-3672 and 138.74-78 yen in Tokyo late Wednesday afternoon.

In New York overnight, gains in U.S. and European stocks stirred risk-taking sentiment and led market players to sell the safe-haven yen for the dollar, dealers said.

But the dollar's rise was capped by caution ahead of the release of U.S. jobs data for June and the outcome of the European Central Bank's policy meeting, both on Thursday.



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Source: Japan Economic Newswire


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