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Dollar stages moderate rebound on short covering in Tokyo.

Publication: Japan Weekly Monitor
Publication Date: 11-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 5 Kyodo

The U.S. dollar firmed against the yen to the mid-119 level in Tokyo on Tuesday, shrugging off downward pressure from the weakness of the euro as players moved to cover short positions in the dollar in the afternoon.

At 5 p.m., the dollar traded at 119.48-51 yen, up from 119.20-30 yen at 5 p.m. Monday in...

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