Dollar briefly hits upper 111 yen ahead U.S. Federal Reserve's outcome

TOKYO, March 20 (Xinhua) -- The U.S. dollar briefly increased to the upper 111 yen zone in Tokyo on Wednesday amid market players' wait-and-see mood before the U.S. Federal Reserve's policy meeting outcome.

At 5 p.m., the dollar was quoted at 111.59-60 yen compared with 111.38-48 yen in New York and 111.26-28 yen in Tokyo at 5 p.m. on Tuesday. It moved between 111.37 yen and 111.70 yen during the day.

The euro fetched 1.1345-1346 dollars and 126.60-64 yen against 1.1346-1356 dollars and 126.43-53 yen in New York and 1.1346-1347 dollars and 126.24-28 yen in Tokyo late Tuesday afternoon.