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Dollar rises in Tokyo on BOJ's downgrade of Japanese economy.

Publication: Japan Weekly Monitor
Publication Date: 23-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 18 Kyodo

The U.S. dollar rose against the yen to its four-week high in Tokyo on Monday, with the downgrade of the Japanese economy by the Bank of Japan (BOJ) leading to yen selling.

At 5 p.m., the dollar traded at 123.41-43 yen, up from 122.85-95 yen at 5 p.m. Friday in New York. It was quoted at 121.38-41 yen late Friday in...

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