Stocks edge up; dollar down

Jiji Press TOKYO (Jiji Press) — Stocks wiped out earlier losses to finish slightly firmer on the Tokyo Stock Exchange on Thursday after closely watched events including the U.S. Federal Reserve’s policy-setting meeting.

The 225-issue Nikkei average rose 12.76 points, or 0.07 percent, to close at 19,590.14. On Wednesday, the key market gauge lost 32.12 points.

The TOPIX index of all First Section issues ended up 1.38 points, or 0.09 percent, at 1,572.69, after shedding 3.59 points the previous day.

The dollar briefly plunged below ¥113 in Tokyo trading, dampened by less-hawkish-than-expected interest rate projections by the Federal Reserve.

At 5 p.m., the dollar stood at ¥113.23-23, down from ¥114.69-69 at the same time Wednesday. The euro was at $1.0725-0725, up from $1.0637-0637, and at ¥121.44-45, down from ¥122.00-00.Speech

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