Japanese Bank: Dollar and Pmi Reading

japanese bank: The euro was at 1.1185-1186, down from 1.1196-1197, and at 122.38-38, down from 122.68-68. ; After briefly rising above 109.60 in the midmorning, the dollar fluctuated around 109.50 for the most of afternoon trading amid a dearth of fresh trading incentives, according to The Japan Times. Late in the afternoon, the dollar eased to levels around 109.40 on selling to reduce dollar-long positions against the yen, traders said. At 5 p.m., the dollar stood at 109.40-41, down from 109.57-57 at the same time Monday. Investors were waiting for news, an official at a foreign-affiliated securities firm said. A strong PMI reading could send the dollar above 110, an official at a major Japanese bank said. Players are focusing on the U.S. personal consumption expenditures price index for April and China's manufacturing purchasing managers index for May, both due out Friday, traders said. (news.financializer.com). As reported in the news.