Dollar Hits New 15-Year Low Against Japanese Yen

The dollar has hit a new 15-year low against the Japanese yen, according to MarketWatch.com:

NEW YORK (MarketWatch) — The U.S. dollar tumbled across the board Monday, pushing the greenback to a fresh 15-year low against the Japanese yen, as the outcome of the meeting of finance ministers and central bankers from the Group of 20 nations gave traders no reason to stop selling the U.S. currency.

Against the Japanese yen, the dollar /quotes/comstock/21o!x:susdjpy (USDYEN 80.8200, -0.6100, -0.7491%) bought ¥80.75, down from ¥81.43 late Friday.

It fell as low as ¥80.39, according to FactSet Research, not far off the historical record low of ¥79.75, hit on April 19, 1995.

This does not bode well for potential tourists to Japan or for Japanese exporters.

To read the full MarketWatch article, go here.