17 December 2004, 12:14  Japan: yen, euro and sterling against dollar

"The current account data helped to prevent the market from becoming wholly devoted to dollar selling," said Etsuko Yamashita, chief economist at Sumitomo Mitsui Banking Corp. By 1:37 a.m. EST the dollar was around 104.45 yen up slightly from late U.S. levels and nearly 3 percent above a five-year low hit two weeks ago. The euro also stayed flat around $1.3265 down about 1.5 percent from Wednesday's peak of $1.3444. Sterling was off its 12-year high of $1.9552 hit in London trade on Thursday after strong U.K. retail sales data, now buying $1.9335 1.3 percent below the peak.

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