Tokyo Market and Dollar

u.s: The euro was at 1.1993-1993, up from 1.1920-1921, and at 133.97-98, up from 131.97-97. ; The Tokyo market was closed Monday for Respect for the Ages Day, according to The Japan Times. The dollar was solid around 111.50 in early trading, carrying over its strength from overnight trading overseas, where the greenback drew demand thanks to rises in U.S. long-term interest rates and stock prices. After hitting its highest level since July 26, the dollar stood at 111.70-70 at 5 p.m., up from 110.70-71 at the same time Friday. The dollar also attracted buying as hopes for an interest rate increase by the U.S. Federal Reserve later this year grew following a strong reading in the U.S. consumer price index for August, released late last week, market sources said. As the dollar has risen about 2 after dropping to around 109.50 on Friday following a missile launch by North Korea over Japan, the dollar faced heavy selling to lock in profits, an official of a currency brokerage firm said. The dollar fell to around 111.40 in midmorning trading due to profit-taking and a decline in U.S. long-term interest rates. (news.financializer.com). As reported in the news.