The dollar fell below ¥102.50 in Tokyo trading late Wednesday, chiefly weighed down by position-adjustment selling. At 5 p.m., the dollar stood at ¥102.48-49, down from ¥103.24-26 at the same time Tuesday. The euro was at $1.3766-3768, up from $1.3748-3750, and at ¥141.10-11, down from ¥141.95-97. In the morning, the dollar attracted purchases from Japanese importers and briefly rose above ¥102.90. But the dollar came under selling pressure after the benchmark 225-issue Nikkei Stock Average lost more than 200 points at one point in the afternoon. JGBs rise as stocks tumble Japanese government bonds were higher in Tokyo on Wednesday, backed by higher U.S. bond prices and a stock sell-off. In futures trading on the Tokyo Stock Exchange, the new lead March contract on 10-year JGBs rose 0.13 point from Tuesday to end at 144.14. Volume fell to 27,080 contracts from 31,600. In late interdealer trading in cash JGBs, the yield on the latest 332nd 10-year issue with a 0.6 percent coupon stood at 0.655 percent, down from 0.665 percent late Tuesday.

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