Dollar falls vs yen on Philly Fed data
The dollar fell against the yen on Thursday after the Federal Reserve Bank of Philadelphia said its index of business conditions in the U.S. Mid-Atlantic region fell in August to -7.7 from 5.1 in July.
The dollar dropped to 84.93 yen JPY= after the data from around 85.23 yen prior to the release of the report, down 0.6 percent on the day. The euro was at $1.2866 EUR= from $1.2874 just before the data, up 0.1 percent from the prior New York close. (Reporting by Nick Olivari; Editing by James Dalgleish)
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