The dollar strengthened to levels around ¥107.70 in Tokyo trading Thursday.
At 5 p.m., the dollar stood at ¥107.77-77, up from ¥107.65-65 at the same time Wednesday. The euro was at $1.0966-0966 , up from $1.0942-0942, and at ¥118.19-20, up from ¥117.79-80.
Following a dip below ¥107.40 in overnight trading, the dollar climbed above ¥107.70 in mid-morning trading thanks chiefly to buying by Japanese importers for settlement purposes.
After moving narrowly on a weaker note, the greenback attracted renewed buying against the yen in the late afternoon.
“Although the dollar-yen pair has been moving little, investors’ risk appetite has shown signs of increase amid global business-reopening moves,” said an official at a foreign-exchange margin trade service firm.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.