The dollar edged back against the yen in Asian trade Thursday after surging to a near four-month high in US trade in response to forecast-beating US economic growth data.
In early trade in Tokyo the greenback bought 102.78 yen, compared with 102.81 yen late in New York but still well up from the 102.11 yen earlier in Japan. It had surged to 103.09 yen on Wall Street — its strongest since early April — after the Commerce Department said the US economy grew 4.0 percent in the second quarter, much more than the 3.0 percent predicted.
That was also a sharp rebound from the 2.1 percent contraction in the previous three months that was caused by a severe winter.
