CURRENCIES & BONDS / Dollar barely moves against yen as investors look ahead to key events
The dollar was stuck above 79.50 yen in Tokyo trading Wednesday as market players were sidelined ahead of key economic events in Europe and the United States, including the European Central Bank's monetary policy meeting.
A wait-and-see mood was strong as well because the U.S. market is closed Wednesday for Independence Day. At 5 p.m., the dollar stood at 79.77-78 yen, compared with 79.79-80 yen together on Tuesday. The euro was at 1 dollars.2580-2580, against 1 dollars.2579-2582, and at 100.34-37 yen, compared with 100.36-39 yen.
The U.S. dollar regained steam later in the morning in line with buybacks of the Australian dollar for the yen, which were prompted by a report that retail sales in Australia in May rose 0.5 percent month on month, better than the market's consensus estimate of 0.2 percent growth.