Japanese Bank: Dollar and Trust Bank

japanese bank: The euro was at 1.0887-0891, down from 1.0935-0935, and at 117.96-97, up slightly from 117.93-94. ; The dollar gradually gained ground to exceed 108.20 in the morning, pushed up by buying by Japanese importers for settlement purposes and a rise in the benchmark Nikkei 225 stock average, according to The Japan Times. In the afternoon, the greenback temporarily exceeded 108.40 on the back of the rise in U.S. long-term rates. At 5 p.m., the dollar stood at 108.34-34, up from 107.85-86 at the same time Tuesday. The underside of the dollar is gradually rising, an official of a trust bank said. While an official at a Japanese bank noted that the dollar came under selling to a certain degree immediately after the release of a better than expected tankan quarterly business sentiment survey for September by the Bank of Japan, the announcement was met with a thin reaction from the market as a whole. Some market sources have suggested that the U.S. currency may surpass 108.50 if the market finds good news, including one that will fuel expectations for progress in the U.S.-China trade talks. (news.financializer.com). As reported in the news.