Tokyo - The dollar firmed against major currencies in Asia on Thursday as anxiety about the impact of a possible Western military strike on Syria eased, analysts said.
The US currency was at 97.72 yen, almost flat from New York on Wednesday afternoon but up from 97.13 yen in Tokyo Wednesday.
The euro fetched $1.3325 and 130.35 yen compared with $1.3341 and 130.36 yen in US trade.
The dollar may trade in a 97.20-98.20 yen range with bias on the upside as Japanese currency positions taken on possible military action in Syria are reversed, said Kengo Suzuki, forex strategist at Mizuho Securities.
“Excessive risk aversion is unwinding,” he told Dow Jones Newswires, as the “initial shock of the news wears off”.
Anxiety about Syria initially caused the dollar to weaken earlier this week as investors bought alternative safe-haven currencies including the Swiss franc and yen.
“I think the general feeling is that the United States won't be as heavily involved in Syria as it was when it invaded Iraq back in 2003,” he said.
Focus on Thursday would be on US indicators including revised second-quarter gross domestic product, he said.
The Indian rupee, which fell nearly four percent to a new record low of 69.22 to the dollar on Wednesday was at 68.82 in morning trade. - Sapa-AFP