The U.S. dollar remained strong in the upper 152 yen range early Thursday in Tokyo after hitting a fresh 34-year high overnight, as higher-than-projected U.S. inflation fueled expectations the Federal Reserve would keep interest rates elevated for longer than initially anticipated.
At 9 a.m., the dollar fetched 152.93-96 yen compared with 153.14-24 yen in New York and 151.84-85 yen in Tokyo at 5 p.m. Wednesday.
The euro was quoted at $1.0741-0742 and 164.27-30 yen against $1.0736-0746 and 164.43-53 yen in New York and $1.0855-0856 and 164.83-87 yen in Tokyo late Wednesday afternoon.
Tokyo stocks opened lower, tracking overnight losses on Wall Street.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 474.42 points, or 1.20 percent, from Wednesday to 39,107.39. The broader Topix index was down 20.53 points, or 0.75 percent, at 2,722.26.
On the top-tier Prime Market, decliners were led by precision instrument, real estate, and pulp and paper issues.
