Yen firm near 148 line vs. dollar after weak U.S. data

The yen was firm around the 148 line against the U.S. dollar early Wednesday in Tokyo as weaker-than-expected U.S. economic data fanned speculation that the Federal Reserve will soon slow the pace of interest rate hikes. At 9 a.m., the dollar fetched 147.97-148.00 yen compared with 147.91-148.01 yen in New York and 148.92-94 yen in Tokyo at 5 p.m. Tuesday. The euro was quoted at $0.9960-9964 and 147.38-47 yen against $0.9964-9974 and 147.38-48 yen in New York and $0.9855-9857 and 146.77-81 in Tokyo late Tuesday afternoon. Tokyo stocks opened higher, inheriting a positive trend from Wall Street...