There's some good news for Americans who are planning a trip to Japan in the near future.
The Japan Times reported:
The dollar was firmer above ¥114 in Tokyo trading on Friday, after briefly retaking the level overseas as the euro plunged on the European Central Bank’s decision to halve asset purchases, a less hawkish measure than market participants had expected.
At 5 p.m., the dollar stood at ¥114.10-10, up from ¥113.77-78 at the same time on Thursday. The euro was at $1.1632-1632, down steeply from $1.1818-1819, and at ¥132.73-74, plunging from ¥134.47-48.
The dollar was supported by purchases by Japanese importers and a rise in long-term U.S. Treasury yields in off-hours trading, while its topside was limited by profit-taking and wait-and-see attitudes ahead of the release of U.S. gross domestic product data for July-September later in the day, traders said.
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