Dollar inches up to upper 112 yen zone on expectations for U.S. tax reform

TOKYO, Dec. 14 (Xinhua) -- The U.S. dollar inched up to the upper 112 yen zone on Thursday in Tokyo on growing expectations for the U.S. tax reform after the two houses of U.S. Congress reached a deal on tax package.

At 5 p.m., the dollar was quoted at 112.76-77 yen compared with 112.49-59 yen in New York and 113.43-44 yen in Tokyo at 5 p.m. Wednesday. It moved between 112.54 yen and 112.80 yen during the day.

The euro fetched 1.1816-1818 dollars and 133.24-28 yen against 1.1820-1830 dollars and 133.03-13 yen in New York and 1.1738-1739 dollars and 133.15-19 yen in Tokyo late Wednesday afternoon.