Dollar Firmer At Around ¥108.20

Now that the holidays are over and we're in a new year, it is time to take a peek at how the U.S. dollar is doing in Tokyo trading.

The Japan Times reported:

The dollar was firmer around ¥108.20 in late Tokyo trading Monday, although active buying was held in check amid a growing wait-and-see mood. 

At 5 p.m., the dollar stood at ¥108.17-17, up from ¥107.84-85 at the same time Friday. The euro was at $1.1436-1437, up from $1.1407-1407, and at ¥123.72-72, up from ¥123.02-03. 

After topping ¥108.50 in the early morning, the dollar gradually lost ground, coming close to ¥108.00 on position adjustment selling toward noon. But the U.S. currency resisted falling further, supported by buybacks.

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