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
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.