Home Economy Dollar rises to almost 3-yr high vs yen after oil futures surge

Dollar rises to almost 3-yr high vs yen after oil futures surge

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(File photo/Mainichi)


TOKYO (Kyodo) — The U.S. dollar soared to the lower 113 yen range in Tokyo on Tuesday morning, its highest level since December 2018, as higher oil futures and prospects for rising inflation in the United States dragged on Tokyo stocks.


The dollar fetched 113.27-28 yen at noon, compared with 113.25-35 yen in London at 4 p.m. and 112.78-80 yen in Tokyo at 5 p.m. Monday. U.S. currency and bond markets were closed Monday for a national holiday.


The euro was quoted at $1.1555-1559 and 130.88-95 yen against $1.1570-1580 and 131.05-10 yen in London and $1.1574-1575 and 130.53-57 yen in Tokyo late Monday afternoon.


The 225-issue Nikkei Stock Average shed 265.88 points, or 0.93 percent, from Monday to 28,232.32 in the morning session. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 13.49 points, or 0.68 percent, at 1,983.09.


The…

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