TOKYO (Kyodo)–The u.s. dollar stuck around 78 Yen Tuesday in Tokyo, while the euro stayed weak against the dollar after the European Central Bank President Mario Draghi negative comments about buying more Euro zone bonds added to market concerns over the debt crisis.
The dollar traded at 5 in the -96 of the yen against the yen 77.95 78.00-10 in New York and Tokyo with female 77.91 yen in Monday afternoon at 5. It moved between 77.93 yen and 78.06 yen, changing hands most often on 78.01 yen.
The Euro was quoted at $ 1.3013 -3014 and 101.44 -48 yen versus $ 154.96 1.2994 -3004 and -47 yen in New York and $ 1.3008 -3010 and 101.35-39 yen in Tokyo Monday afternoon.
Dollar moves narrowly amid thin trade in Tokyo, with a loss that is supported by buying in risk aversion following reports Monday that North Korea's leader Kim Jong Il has died, the dealer said.
Some market analysts said the dollar may strengthen as traders can continue to support the u.s. currency as a safe haven for yen amid heightened geopolitical uncertainties in East Asia, while demand for the dollar towards the end of the year also remained strong.