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Dollar rises to mid-99 yen following upbeat Tankan survey.

TOKYO, July 1 Kyodo

The U.S. dollar edged up to the mid-99 yen range early Monday in Tokyo after the Bank of Japan's Tankan survey showed improved business sentiment in the country.

At 9 a.m., the dollar fetched 99.44-45 yen compared with 99.10-20 yen in New York and 98.82-83 yen in Tokyo at 5 p.m. Friday.

The euro was quoted at $1.3007-3011 and 129.34-37 yen against $1.3005-3015 and 129.02-12 yen in New York and $1.3046-3047 and 128.92-96 yen in Tokyo late Friday.

The Tankan survey's headline index measuring business sentiment among large manufacturers rose to plus 4 in June from minus 8 three months earlier, better than an average forecast of plus 3 by economists polled by Kyodo News.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Jul 1, 2013
Words:131
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