Dollar in upper 101 yen zone in early Tokyo trading
TOKYO (Kyodo) -- The U.S. dollar traded in the upper 101 yen zone in Tokyo early Friday, inheriting its weakness in New York overnight.
At 9 a.m., the dollar fetched 101.72-73 yen compared with 101.66-76 yen in New York and 102.07-08 yen in Tokyo at 5 p.m. Thursday.
The euro was quoted at $1.3549-3553 and 137.83-85 yen against $1.3546-3556 and 137.81-91 yen in New York and $1.3532-3533 and 138.12-16 yen in Tokyo late Thursday afternoon.
In New York overnight, the dollar slipped to the 101 yen level on weaker-than-expected U.S. retail sales for May. Rising tensions in Iraq also intensified risk-aversion and prompted buying of the safe-haven yen, dealers said.