MSN MoneyCentral – TOKYO (AP) – The U.S. dollar rose against the yen and euro in Asian trading Tuesday as players took a wait-and-see approach before U.S. economic data due out this week that mayshow mild inflation.
The dollar was trading at 115.12 yen on the Tokyo foreign exchange market in Tokyo midafternoon, up 0.27 yen from late Monday in New York.
The dollar initially rose to a session high of 115.28 yen as U.S. investment banks and hedge funds tried to trigger rumored stop-loss orders following news of Tokyo prosecutors raiding Livedoor Co., a high-profile Japanese Internet company.
