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Dollar Rises in Tokyo

Dollar Rises in TokyoDollar Rises in Tokyo

The dollar advanced close to ¥104.50 in Tokyo trading on Tuesday, thanks to an overnight rise in US long-term interest rates and stock price gains in Japan and the United States.At 5 p.m., the dollar stood at ¥104.45-47, up from ¥103.92-93 at the same time Monday. The euro was at $1.0874-0876, down from $1.0885-0885, and at ¥113.59-63, up from ¥113.12-13, Japan Times reported on its website. The greenback was firmer around ¥104.20 in early trading, carrying over its solid tone from overseas markets Monday, where it drew buying on higher US long-term interest rates and stock prices reflecting a favorable US economic indicator.

 

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