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Wednesday, September 17, 2014

Dollar At 6-Year High of 108 Yen In Tokyo



Things are looking monetarily better for American tourists to Japan as the dollar has reached an six-year high against the Japanese yen.

According to the Mainichi:
TOKYO (Kyodo) -- The U.S. dollar traded at a six-year high around the mid-108 yen level early Thursday in Tokyo amid growing speculation that interest rate hikes in the United States may come sooner than expected. 
At 9 a.m., the dollar fetched 108.53-54 yen compared with 108.32-42 yen in New York and 107.26-28 yen in Tokyo at 5 p.m. Wednesday.

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