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Thursday, November 13, 2014

Dollar Above ¥115.50

Things are looking exceedingly good as far as the foreign exchange rate between the U.S. dollar and the Japanese yen is concerned. 

According to the Japan Times:
The dollar rose above ¥115.50 in Tokyo trading Thursday, aided by a stock market surge reflecting speculation that the planned consumption tax increase will be postponed. 
At 5 p.m., the dollar stood at ¥115.77-78, up from ¥115.27-28 at the same time Wednesday. 
This is great news for potential American tourists to Japan as their dollars will buy more yen.

To read more, go here

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