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Greenback up slightly to ¥103.82

JIJI

The dollar traded around ¥103.80 in Tokyo trading late Friday as position-adjustment purchases ahead of the weekend helped it recoup some of the losses stemming from heightened tensions in eastern Ukraine.

At 5 p.m., the dollar stood at ¥103.82-83, up slightly from ¥103.75-76 at the same time Thursday. The euro was at $1.3169-3169, down from $1.3198-3199, and at ¥136.73-73, down from ¥136.94-97.

Renewed concerns over the situation in Ukraine sent the greenback below ¥103.60 at one point in overseas trading overnight, but solid U.S. economic indicators temporarily lifted the dollar to around ¥103.90 later in the day.

In Tokyo, the U.S. currency was static around ¥103.70 in the morning and edged higher to around ¥103.80 in the afternoon, thanks to position-adjustment buying triggered by Japanese stocks’ resilience after early losses, traders said.

A series of Japanese economic data for July released on Friday had only a limited impact on the currency market.

Consumer price data came in line with expectations, while the unemployment rate edged up and industrial production was worse than anticipated.