TOKYO, Sept. 28 (Xinhua) -- The U.S. dollar stayed in the upper 112 yen zone Thursday in Tokyo on U.S. President Donald Trump's corporate tax cut plan.
At 5:00 p.m. local time, the dollar was quoted at 112.82-83 yen compared with 112.75-85 yen in New York and 112.68-69 yen in Tokyo at 5 p.m. Wednesday. It moved between 112.71 yen and 113.21 yen during the day.
The euro fetched 1.1754-1756 dollars and 132.61-65 yen against 1.1739-1749 dollars and 132.45-55 yen in New York and 1.1755-1757 dollars and 132.46-50 yen in Tokyo late Wednesday afternoon.
U.S. President Donald Trump unveiled on Wednesday a plan to slash the corporate tax rate from the current 35 percent to 20 percent as part of an economic overhaul to enhance competitiveness.
The dollar briefly hit 113.26 yen in New York overnight on the news but fell back to the upper 112 yen zone due to lack of new information for the market.
