The U.S. dollar recovered to the ¥120 line Wednesday in Tokyo, helped by an early rebound in Tokyo stocks, but its upside later remained capped amid falling stocks and lingering concern about the health of the Chinese economy.
At 5 p.m., the dollar fetched ¥120.05-08 compared with ¥119.33-43 in New York and ¥120.05-08 in Tokyo at 5 p.m. Tuesday. It moved between ¥119.37 and ¥120.46 during the day, changing hands most frequently at ¥120.27.
The euro was quoted at $1.1257-1259 and ¥135.15-19 against $1.1310-1320 and ¥135.13-23 in New York and $1.1319-1321 and ¥135.90-94 in Tokyo late Tuesday afternoon.