Dollar rises to upper 111 yen on receding concerns over BOJ tapering easing

TOKYO, Jan. 11 (Xinhua) -- The U.S. dollar rose to the upper 111 yen zone Thursday in Tokyo as concern that the Bank of Japan (BOJ) may taper its monetary stimulus program receded.

At 5 p.m., the dollar was quoted at 111.78-79 yen compared with 111.38-48 yen in New York and 111.93-95 yen in Tokyo at 5 p.m. Wednesday. It moved between 111.32 yen and 111.87 yen during the day.

The euro fetched 1.1938-1939 dollars and 133.45-49 yen against 1.1942-1952 dollars and 133.10-20 yen in New York and 1.1935-1936 dollars and 133.59-63 yen in Tokyo late Wednesday afternoon.