Dollar in 114 yen zone in early deals in Tokyo

Tokyo, Feb 16 (IANS) The US dollar was trading in the lower 114 yen zone in Tokyo in early deals on Tuesday morning, with the rate largely unchanged from those seen in London overnight.

At 9 a.m., the dollar was changing hands at 114.37-38 yen compared with 113.76-78 yen in Tokyo at 5 p.m. Monday, Xinhua reported.

On Monday, financial markets in the US were closed for the President’s Day holiday.

The euro, meanwhile, was quoted at $1.1176-$1,177 and 127.82-83 yen against $1.1209-$1,211 and 127.52-56 yen in Tokyo late on Monday afternoon.

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