By V. Phani Kumar, MarketWatch
HONG KONG (MarketWatch) -- The U.S. dollar reversed some of its gains against the Japanese currency Friday, with U.S. stock futures pointing toward a lower opening after a strong overnight showing on Wall Street.
The dollar changed hands for 94.74 yen in Asian afternoon trade, down from 95 yen in New York, where it rose as high as 95.27 yen. Credit Suisse analysts, however, said the risk was for the dollar/yen pair to gain further, with the next resistance at 96.25 yen.
The euro, meanwhile, fetched $1.4189, while the British pound traded for $1.6524.
The dollar index (DXY 78.89, +0.09, +0.11%) , which tracks the greenback against a trade-weighted basked of major currencies, was up slightly at 98.90, from 78.821 in late in New York.
Dow Jones Industrial Average futures were down 25 points in screen trade. The blue-chip index had ended up 2.1%, or 188.03 points, at 9,069.29 Thursday, moving above the 9,000-point level for the first time since January.
