The dollar was lifted above ¥107.70 by higher stock prices in Tokyo trading Tuesday.
At 5 p.m., the dollar stood at ¥107.74, up from ¥107.52 at the same time Monday. The euro was at $1.1127 dollars, down from $1.1148, and at ¥119.93, up from ¥119.87.
The dollar fell below ¥107.50 in the early morning, dampened by U.S. President Donald Trump’s remarks suggesting his hard-line stance on anti-racism protests spreading across the United States.
But after the 225-issue Nikkei average extended its gains, the greenback attracted purchases. The U.S. currency scaled to levels around ¥107.80 in late afternoon trading.
“Market players have been trading on prospects for the post-coronavirus economic recovery, rather than on the U.S. turmoil and U.S.-China tensions,” an official of a foreign exchange margin trading service firm said.