Trade Jitters Depress Dollar Vs. Yen

The dollar ended mostly higher Tuesday on eased concern about a euro delay, but it fell for the fourth day against the yen after the top U.S. trade envoy partly blamed Japan’s surplus on a weak Japanese currency.

The remarks by U.S. Trade Representative Charlene Barshefsky came on the eve of a monthly trade report from the Japanese government that is expected to show Japan’s surplus doubled in April vs. a year earlier to 1.2 trillion yen.

Over four days the dollar has lost 4 yen or 3.4 percent vs. the Japanese currency.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7208 1.3873

France .1722 5.8060

Germany .5819 1.7185

Great Britain 1.6385 .6103

Italy .000590 1696.00

Japan .008909 112.25

Mexico .125502 7.9680