Dollar rises to around ¥104.30 in Tokyo
The dollar went up to around ¥104.30 in Tokyo trading Thursday, attracting demand as a key currency amid a growing risk-off mood.
At 5 p.m., the dollar stood at ¥104.31, up from ¥103.67 at the same time Wednesday. The euro was at $1.2093, down from $1.2153, and at ¥126.14, up from ¥126.01.
On the back of stock falls in the United States and Japan, risk appetite receded to make the dollar’s high liquidity as a reserve currency attractive. The U.S. currency rose above ¥104.30 by the midmorning also…