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Dollar trades in upper 96 yen level in early Tokyo deals.

TOKYO, April 16 Kyodo

The U.S. dollar traded in the upper 96 yen range early Tuesday morning in Tokyo, little changed from its overnight levels in New York where it fell to its lowest level in 10 days on weaker-than-expected Chinese and U.S. economic data.

At 9 a.m., the dollar fetched 96.80-82 yen compared with 96.72-82 yen in New York and 98.15-16 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.3052-3054 and 126.35-38 yen against $1.3030-3040 and 126.15-25 yen in New York and $1.3074-3075 and 128.32-36 yen in Tokyo late Monday afternoon.

In New York on Monday, the dollar slumped to 96.35 yen, its lowest level since April 5, at one point as China's softer-than-expected growth data for the January-March quarter prompted traders to seek the yen's perceived safety against the dollar.

Weaker-than-expected U.S. economic data and explosions near the finish line of the Boston Marathon on Monday also weighed on the U.S. currency.
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Publication:Japan Weekly Monitor
Geographic Code:1U2NY
Date:Apr 16, 2013
Words:174
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