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.
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