Backgrounder: U.S. Financial Crisis 


    TOKYO, Oct. 14 (Xinhua) -- The U.S. dollar Tuesday rallies to mid-102 yen level in Tokyo, after easing concerns over the global credit crunch.

    At 5 p.m., the dollar fetched 102.46-47 yen versus 100.75-85 yen in London at 4 p.m. Monday and 99.15-18 yen in Tokyo late Friday. The New York and Tokyo markets were closed Monday for national holidays.

    It moved between 101.90 yen and 103.06 yen during the day, trading most frequently at 102.80 yen.

    The euro traded at 1.3665-3667 dollars and 140.02-06 yen against 1.3595-3605 dollars and 137.10-15 yen in London late Monday and 1.3610-3612 dollars and 134.96-135.00 yen in Tokyo late Friday.