Time Friday: Nikkei Briefly and Tax Reform

time friday: The euro was at 1.0580-0580, down from 1.0597-0597, and at 118.72-72, down from 119.44-46, according to The Japan Times. The greenback temporarily slipped below 112 in the morning as the Nikkei 225 briefly dived below the 19,000 mark. At 5 p.m., the dollar stood at 112.21-21, down from 112.71-72 at the same time Friday. The U.S. currency drifted moderately above 112 for the rest of the day, with the downside supported by demand from Japanese importers, as well as a pickup in U.S. bond yields in off-hours trading, traders said. In a television interview late last week, his Treasury chief, Steven Mnuchin, expressed willingness to adopt major tax reform by August but stopped short of giving details. Uncertainty over Trump's economic polices dampened investor sentiment ahead of his congressional speech slated for Tuesday. (news.financializer.com). As reported in the news.