But it ran out of steam
midmorning as the upward momentum withered, dealers said.
Tokyo stocks continued to fall Friday, with the key Nikkei index shedding more than 200 points by
midmorning as Japanese equities tracked overnight declines in U.S.
Tokyo stocks continued to fall at
midmorning Thursday, with the key Nikkei index down more than 100 points after the previous day's plunge in line with global stock declines.
dollar hit a fresh two-year high against the yen at
midmorning Friday in Tokyo above 117 yen, inheriting its strength from New York trading overnight.
The dollar, which had hovered in the upper 110 yen level in early trading, hit a high of 111.13 yen in the
midmorning, entering the 111 yen zone for the first time since last Oct.
It traded at $1.3170 at one point in
midmorning before coming down slightly to $1.3150-3160 at 11 a.m.
Following directionless trading in New York on Friday, the dollar gained modestly against the yen in the
midmorning in Tokyo due largely to technical reasons, dealers said.
In Tokyo, the dollar at first stayed firm, briefly topping 112 yen, but began to lose ground in the
midmorning on yen buying stemming from firmness in Japanese stocks, dealers said.
currency lost its upward momentum by
midmorning as some participants took profits, dealers said.
The dollar firmed slightly against the yen at
midmorning on buying by Japanese importers on a day that many Japanese companies make settlements, dealers said.
Shares surged during morning trading, rocketing 31.5% higher to C$9.07 by
midmorning in Toronto.
The troika of Stefan Ramirez, Jeff Borja and Milo Rivera kept the BMW within sight of the Mazda until before
midmorning when the eventual winners' impressive share-driving techniques and their car's better preparation gradually increased separation.