The U.S. dollar traded in the upper 118 yen range early Wednesday morning in Tokyo after another drop on Wall Street overnight.
At 9 a.m., the dollar was quoted at 118.67-69 yen compared with 118.81-91 yen in New York and 119.72-75 yen in Tokyo at 5 p.m. Tuesday. The euro fetched 1.1550-1552 dollars and 137.10-13 yen against 1.1512-1522 dollars and 136.84-94 yen in New York and 1.1528-1531 dollar and 138.04-08 yen in Tokyo late Tuesday afternoon.
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