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Dollar Edges Down to Lower 112 Yen Zone on Concerns of Low Inflation in U.S.-Oct 12

The U.S. dollar fell to the lower 112 yen zone Thursday in Tokyo after minutes of the U.S. Federal Reserve's policy meeting showed stronger-than-expected concerns over low inflation among the policymakers.

At 5:00 p.m. local time, the dollar was quoted at 112.22-24 yen compared with 112.43-53 yen in New York and 112.28-30 yen in Tokyo at 5 p.m. Wednesday. It moved between 112.21 yen and 112.52 yen during the day.

The euro fetched 1.1867-1868 dollars and 133.17-21 yen against 1.1853-1863 dollars and 133.35-45 yen in New York and 1.1827-1828 dollars and 132.80-84 yen in Tokyo late Wednesday afternoon.

According to the minutes of the Fed's latest policy meeting released on Wednesday, policy makers were concerned that low inflation might have persistent effects, though an interest rate hike within the year was still possible.

Market players are now watching closely for the U.S. producer price index due out later in the day and consumer price index due on Friday.

(www.chinaview.cn 2017-10-13)