Is The Dollar Recovering Lost Ground In Tokyo?

The dollar has moved up to the ¥112 range in Tokyo trading.

Is this a sign that the dollar is beginning to take back lost ground?

Jiji Press reported:

Tokyo, March 23 (Jiji Press)--The dollar drifted in a narrow range above 112 yen in Tokyo trading on Wednesday, as investors retreated to the sidelines amid a lack of major trading incentives. 

At 5 p.m., the dollar stood at 112.37-38 yen, up from 111.71-72 yen at the same time Tuesday.

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