The dollar was modestly firmer above ¥112 in late Tokyo trading on Monday, with Japanese Prime Minister Shinzo Abe set to call a general election at a
The dollar was modestly firmer above ¥112 in late Tokyo trading on Monday, with Japanese Prime Minister Shinzo Abe set to call a general election at an evening news conference.
At 5 p.m., the dollar stood at ¥112.22-23, up from ¥112.00-01 at the same time on Friday. The euro was at $1.1909-1909, down from $1.1992-1992, and at ¥133.66-68, down from ¥134.32-33.
The greenback climbed to around ¥112.40 early in the morning, because hopes for economic stimulus measures grew ahead of the anticipated election and investors were relieved to see North Korea take no further provocative action over the weekend, market sources said.
The U. S. unit advanced to around ¥112.50 later in the morning, backed by Japanese importers’ purchases and buying reflecting firmer Tokyo stocks, the sources said.
