(10 Apr 1997) T/I: 10:21:55
The US dollar topped the 127 yen level in Tokyo early Thursday
(10/4) morning for the first time since August 1992, in line
with its advance overnight against the German mark.
At 9 a.m. Tokyo time the dollar was quoted at 127.07-10 yen, up
from 126.85-95 yen late Wednesday in New York and from 126.50-60
yen in London. The high for the early morning deals was 127.16
yen.
SHOWS:
TOKYO, JAPAN 10/04
WS Tokyo currency trading floor; CU dealer; PAN across
dealing room; CU computer screen; CU Dealer on the phone; CU
dealer writing; pull out to WS dealers; Stewart Reed, Foreign
Exchange Broker calling prices out; dealers
Stewart Reed, Foreign Exchange Broker SOT in English: "It's
been fairly volatile and everybody's very wary about the Bank of
Japan coming in becasue at some stage they're going to come in
and start selling dollars, so everybody's a bit wary today but
it's still quite volatile."
Cutaway dealers; Reed SOT continues in English: "With the
bank of Japan coming in? I think it'll probably push it down
quite a bit, but there's still a lot of buyers, so a little bit
lower maybe one-twenty-six-and-a-half so it probably won't go
down that far."
WS Tokyo Stock Exchange; MS dealers; CU dealer writing; MS
dealer; PAN dealing room.
RUNS: 1.58
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