Dollar Surges To A 5-Year High Against Yen

Here's some good news for travelers who are thinking about a trek to Japan. The U.S. dollar has reached another 5-year high against the Japanese yen.

According to The Japan Times:

The dollar hit a five-year high of ¥104.85 in Tokyo trading Thursday, backed by a brighter world economic outlook reflecting the recent strength of stock prices. 

At 5 p.m., the dollar was quoted at ¥104.76-77, up from ¥104.40-42 at the same time Wednesday. 

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