The U.S. dollar remained strong early Wednesday in Tokyo after surging to a six-week high in the lower 133 yen level in New York overnight on higher-than-expected U.S. inflation data that fueled concern about prolonged interest rate hikes.
At 9 a.m., the dollar fetched 132.99-133.00 yen compared with 133.05-15 yen in New York and 132.07-08 yen in Tokyo at 5 p.m. Tuesday.
The euro was quoted at $1.0734-0738 and 142.75-82 yen against $1.0731-0741 and 142.81-91 yen in New York and $1.0732-0733 and 141.74-78 yen in Tokyo late Tuesday afternoon.
Tokyo stocks opened slightly higher, lifted by export-related issues amid the weaker yen.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 31.40 points, or 0.11 percent, from Tuesday to 27,634.17. The broader Topix index was up 0.72 point, or 0.04 percent, at 1,993.81.
Gainers were led by iron and steel, machinery, and electric appliances issues.
