The U.S. dollar seems to have retaken some lost ground in Tokyo trading today.
According to the Japan Times:
The dollar was firmer above ¥112.70 in Tokyo trading late Monday amid a growing risk-on mood generated by higher Japanese and Chinese stock prices.
Some receding of excessive concerns over Italy’s fiscal condition also pushed up the dollar in late trading.
At 5 p.m., the dollar stood at ¥112.75-75, up from ¥112.43-43 at the same time Friday The euro was at $1.1531-1532, up from $1.1446-1446, and at ¥130.02-03, up from ¥128.70-70.
After falling below ¥112.40 following a weak start of the Nikkei 225 stock average, the dollar picked up and regained some lost ground as the Nikkei trimmed early losses, traders said.
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