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Friday, November 26, 2010

Korean Conflict Boosts Dollar Against The Yen



The skirmish between North and South Korea had one effect that I am pleased with. The U.S. dollar rose in value against the Japanese yen to a level not seen since October 5.

Bloomberg.com reported:

The dollar advanced to 83.93 yen from 83.60 yen, after earlier touching 83.96 yen, the strongest since Oct. 5.


Although this is a little better, it is still not at the exchange rate I received the last time I went to Japan. In April 2007, the last time I went to Japan, the exchange rate was at 116 yen/dollar.

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