Dollar falls to upper 133 yen on prospect of U.S. rate hike halt

The U.S. dollar briefly fell to the upper 133 yen range early Thursday in Tokyo as lower-than-expected U.S. inflation fueled prospects of a halt in the U.S. interest rate hike cycle soon.

At 9 a.m., the dollar fetched 134.10-11 yen compared with 134.34-44 yen in New York and 135.23-25 yen in Tokyo at 5 p.m. Wednesday.

The euro was quoted at $1.0981-0984 and 147.26-31 yen against $1.0978-0988 and 147.51-61 yen in New York and $1.0964-0965 and 148.27-31 yen in Tokyo late Wednesday afternoon.

Tokyo stocks opened lower, weighed down by export-related issues on the back of a stronger yen. In the fi...