The US dollar hovered narrowly in the upper 111 yen level Wednesday in Tokyo with its upside capped by sizable selling following its recent rapid rise to a fresh 11- month high in the 112 yen level.

At 5:00 p.m., the dollar was quoted at 111.63-65 yen, compared with Tuesday's 5:00 p.m. quotes of 111.68-78 yen in New York and 112.02-04 yen in Tokyo.

It moved between 111.46 yen and 111.70 yen during the day, trading most frequently at 111.60 yen.

The euro was quoted at 1.1941-1943 dollars and 133.30-34 yen, compared with 1.1905-1915 dollars and 133.06-16 yen at 5:00 p.m. Tuesday in New York.

Source: Xinhua