The U.S. dollar rebounded to the mid-110 yen zone here on Thursday ahead of the release of U.S. inflation data expected later in the day.
At 5 p.m. local time, the dollar was quoted at 110.40-42 yen compared with 110.43-53 yen in New York and 109.94-95 yen in Tokyo at 5 p.m. Wednesday. The dollar fluctuated between 110.37 yen and 110.73 yen during the day.
The euro fetched 1.1905-1907 dollars and 131.43-47 yen against 1.1881-1891 dollars and 131.28-38 yen in New York and 1.1984-1985 dollars and 131.76-80 yen in Tokyo late Wednesday afternoon.
Local analysts said that the rally was largely caused by the easing geopolitical concerns on the Korean Peninsula as well as expectation of a tax reform in the United States.
The market was also in a wait-and-see mood ahead of the release of some key economic data later this week, including Thursday's consumer price index and Friday's retail sales, both for August.
At 5 p.m. local time, the dollar was quoted at 110.40-42 yen compared with 110.43-53 yen in New York and 109.94-95 yen in Tokyo at 5 p.m. Wednesday. The dollar fluctuated between 110.37 yen and 110.73 yen during the day.
The euro fetched 1.1905-1907 dollars and 131.43-47 yen against 1.1881-1891 dollars and 131.28-38 yen in New York and 1.1984-1985 dollars and 131.76-80 yen in Tokyo late Wednesday afternoon.
Local analysts said that the rally was largely caused by the easing geopolitical concerns on the Korean Peninsula as well as expectation of a tax reform in the United States.
The market was also in a wait-and-see mood ahead of the release of some key economic data later this week, including Thursday's consumer price index and Friday's retail sales, both for August.
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