The dollar strengthened to around ¥105.20 in Tokyo trading Thursday, on the back of higher U.S. interest rates and euro selling against the greenback.
At 5 p.m., the dollar stood at ¥105.19, up from ¥105.02 at the same time Wednesday. The euro was at $1.2008, down from $1.2037, and at ¥126.31, down from ¥126.44.
After moving around ¥105, the dollar rose to around ¥105.10 by noon, supported by a rise in U.S. long-term interest rates in off-hours trading.
“U.S. interest rates went up reflecting anticipation for coronavirus relief measures in the United States,” a Japanese bank official said.
The dollar climbed to around ¥105.20 in the afternoon, after it appreciated against the euro on European players’ accelerated selling of the single currency “to see if the euro can slip through $1.2000,” a trust bank official said.
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