The dollar was almost flat at ¥102.78 from ¥102.79 late Wednesday in New York. The euro was also little-changed at $1.3394 from $1.3397, while declining slightly to ¥137.67 from ¥137.71.
Uchida said a recent pickup in short-term U.S. Treasury yields may help the greenback. The yield on the two-year note 2_YEAR +1.42% rose to as high as 0.591%, the highest since May 2011.
“It is only necessary for the dollar to consolidate at the ¥103-level,” said Uchida, who expects the dollar to move between ¥101.50 and ¥103.50 next week.
The WSJ Dollar Index XX:BUXX +0.09% , a measure of the dollar against a basket of major currencies, was up 0.03% at 73.84.
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