outlook report: The euro was at 1.1216-1216, down from 1.1245-1245, and at 125.41-43, down from 125.78-78. ; The dollar-yen pair moved in a narrow range as investors retreated to the sidelines to check the Japanese central bank's economic outlook report, due out Thursday, a currency broker said, according to The Japan Times. Active trading was held in check ahead of a meeting between Japanese Finance Minister Taro Aso and U.S. Treasury Secretary Steven Mnuchin and a summit between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump later this week, an official at a foreign exchange margin trading service firm said. At 5 p.m., the dollar stood at 111.81-81, against 111.85-85 at the same time Tuesday. The dollar briefly rose close to 112 on buying from Japanese importers before falling back below 111.90. Twitter Facebook Linked In LATEST BUSINESS STORIESUnemployment rate rose to 2.5% in March as Japan's workers sought greener pastures The nation's seasonally adjusted unemployment rate stood at 2.5 percent in March, up 0.2 percentage point from the previous month, the Internal Affairs and Communications Ministry said Friday. The U.S. currency's topside becomes heavy when it approaches 112 as players backed by real demand are eager to hold the yen prior to Japan's 10-day holiday period starting on Saturday, an official at a foreign exchange margin trading service firm said.
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