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Saturday, September 26, 2015

Dollar Rises Above 120.50 Yen In Tokyo

Things are looking a little bit better in Tokyo in regard to the exchange rate between the U.S. dollar and Japanese yen.

According to Jiji Press:
Tokyo, Sept. 25 (Jiji Press)--The dollar rose above 120.50 yen in Tokyo on Friday, lifted by an overnight remark by Federal Reserve Chair Janet Yellen hinting that the Fed is likely to raise interest rates by the end of this year. 
At 5 p.m., the dollar stood at 120.69-71 yen, up from 119.93-95 yen at the same time Thursday. The euro was at 1.1126-1127 dollars, down from 1.1212-1213 dollars, and at 134.29-31 yen, down from 134.46-50 yen.
It appears that Japan is one country who would not be upset if the Federal Reserve raised interest rates.

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