The U.S. dollar rose above ¥120 in trading today in Tokyo.
According to the Japan Times:
The dollar hovered moderately above ¥120 in Tokyo trading late Tuesday, the final day of Japan’s fiscal 2014, with the upside capped by the Nikkei stock average’s sluggishness and the downside underpinned by buying on dips.
At 5 p.m., the dollar stood at ¥120.20-20, up from ¥119.67-67 at the same time Monday.It is interesting to note that the dollar was around ¥104 a year ago.
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