Dollar rangebound in Tokyo

TOKYO: The dollar stayed in a tight range Thursday following the Federal Reserve's dovish interest rate projections, although some analysts said the greenback was tipped to gain.

The dollar bought 77.77 yen, compared with 77.80 yen in New York.

The euro bought $1.3104 and 101.90 yen, largely unchanged from $1.3103 and 101.94 yen in New York Wednesday afternoon.

The greenback should maintain its recent upward momentum against the yen, unless it falls below key technical support at 77.30-77.40 following the Federal Reserve's announcement that it expected to hold exceptionally low interest rates through the end of 2014, analysts said. (AFP)