Dollar slips along with Nikkei in Tokyo

By Shawn Price   |   March 9, 2016 at 5:23 AM
| License Photo

TOKYO, March 9 (UPI) -- The dollar slipped against the Yen on Wednesday in Tokyo, dragging the Nikkei with it as investors sought safety among falling global stocks.

At the close of the market, the dollar was worth 112.48 Yen in Tokyo, with the Euro falling as well, as caution ensued over concerns of how weak Chinese trade data might affect the global economy.

Tokyo stocks dropped in response. The Nikkei dropped slightly at 0.8 percent Wednesday.

"Although easing decision itself has already been factored in, views are split on how far the European Central Bank will go in loosening (its monetary policy,)" said Takuya Kanda, senior researcher at Gaitame.com Research Institute. Kanda said the Dollar is likely to stay in that range for the time being.

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