Dollar Firmly Around ¥120

After a bit of a dip in trading in foreign exchange during the past week, the dollar is again solidly in the ¥120 range in Tokyo.

According to the Japan Times:

The dollar held firm around ¥120.50 in Tokyo trading Friday, backed by solid U.S. economic data and early gains in Japanese stock prices. 

At 5 p.m., the dollar was at ¥120.49-51, up from ¥120.27-27 at the same time Thursday.

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