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Saturday, June 29, 2013

2nd Quarter Ends With Dollar Regaining Ground Against The Yen

Above, the "golden flame" of the Asahi Beer Hall in Tokyo.  Photo by Armand Vaquer.

The second quarter of 2013 ended with the U.S. dollar regaining some ground against the Japanese yen in foreign exchange.

The dollar ranged from 99.12 to 99.20 yen at the end of the business week.

The dollar did lose some ground during the past three weeks, but recently regained some ground.  It is better than the exchange rate of 94.28 yen on March 31, the end of the first quarter of 2013.

The dollar, at this pace, should clear over 100 yen within the next two weeks.

The more yen the dollar is able to buy, the cheaper it is to buy Japanese goods for U.S. consumers and travel to Japan becomes more affordable.

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