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Saturday, February 25, 2012

Dollar Rises Above 80 Yen, Finally


Things are looking more promising as the U.S. dollar broke the 80 yen threshold for the first time since July this past week.

Jiji Press reported:

At 5 p.m. [Friday], the dollar stood at 80.56-57 yen, a level unseen since mid-July 2011, compared with 80.11-12 yen at the same time Thursday.


While this is still a far cry from the 2007 rate of exchange I received (116 yen per dollar), at least the rate is headed in the right direction. A more favorable exchange rate will make travel to Japan more attractive to U.S. tourists.

To read the full story go here.

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