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Tuesday, December 3, 2013

Dollar Surpasses ¥103 Threshold For First Time In 6 Months

Above, a Kumamoto Station bakery store. Photo by Armand Vaquer.

Those of you who are contemplating a trip to Japan in the immediate future, you're in luck!

The U.S. dollar has exceeded ¥103 for the first time in six months today.

According to an article in The Japan Times:
The dollar climbed to a six-month high above ¥103 in Tokyo trading Tuesday, drawing strength from better than expected U.S. economic data and a rise in Japanese stock prices. 
At 5 p.m., the dollar was quoted at ¥103.05-07, up from ¥102.52-53 at the same time Monday.
This means that travelers will receive 103 yen for every dollar exchanged. Two years ago (October 2011), the dollar only bought around 75 yen in exchange.

To read the full article, go here.

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