May 1, 2014 9:15 am JST

Dollar trades in lower 102 yen range in early Tokyo deals

TOKYO(Kyodo) -- The U.S. dollar traded in the lower 102 yen range early Thursday in Tokyo after losing ground in overseas trading on surprisingly weak U.S. gross domestic product data.

     At 9 a.m., the dollar fetched 102.23-24 yen compared with 102.20-30 yen in New York and 102.50-52 yen in Tokyo at 5 p.m. Wednesday.

     The euro was quoted at $1.3867-3868 and 141.76-79 yen against $1.3863-3873 and 141.68-78 yen in New York and $1.3806-3807 and 141.52-56 yen in Tokyo late Wednesday afternoon.

     In New York, the dollar slid to the lower 102 yen after the U.S. Commerce Department reported that GDP grew at a 0.1 percent annual rate in the first quarter, the slowest since the fourth quarter of 2012.

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