In foreign exchange the dollar was trading at around 108.40 yen in the European afternoon , up from its European close on Tuesday of 107.55 but off the day 's highs .
<response> In foreign exchange the dollar was trading at around 108.40 yen in the <misc>European</misc> afternoon , up from its <misc>European</misc> close on Tuesday of 107.55 but off the day 's highs . </response>