Japanese Bank: Dollar and Risk Appetite

japanese bank: The euro was at 1.1262, up from 1.1231, and at 122.15, up from 121.57, according to The Japan Times. The dollar's firmness was a result of a media report that the United States is considering postponing tariffs on imports from Mexico, traders said. Market players retreated to the sidelines to see developments in U.S. tariff talks with Mexico as well as U.S. government jobs data for May, due later on Friday. ; At 5 p.m., the dollar stood at 108.46, up from 108.23 at the same time Thursday. A rise in Japan's Nikkei stock average gave another lift to the dollar by driving up risk appetite, they said. The dollar's downside is solid, and it'd be no surprise to see it rise above 108.90 if positive news comes out, an official of a major Japanese bank said. The dollar remains supported by higher stock prices stemming from expectations for an interest rate cut in the United States, but players find it difficult to move either way amid uncertainty about U.S. tariffs on Mexico, an official at a major Japanese securities house said. (news.financializer.com). As reported in the news.