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Monday, February 1, 2016

Dollar Firmer At ¥121.20 In Tokyo

The U.S. dollar is continuing to make a comeback after weeks of being in the doldrums in Tokyo trading.

The Japan Times reported:
The dollar was firmer around ¥121.20 in Tokyo trading on Monday, continuously supported by the Bank of Japan’s surprise decision Friday to cut interest rates below zero, while traders were waiting to see a series of key U.S. economic data this week. 
At 5 p.m., the dollar stood at ¥121.21-21, up from ¥120.63-64 at the same time Friday. 
This is good news for travelers as their dollars will buy more Japanese yen in foreign exchange.

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