Dollar Briefly Tops 107 Yen In Tokyo

Above, Japanese goods such as knives are more affordable with the dollar's rise. Photo by Armand Vaquer.

Things monetarily are looking better for American tourists to Japan, according to an article in the Mainichi Shimbun.

According to the article:

TOKYO (Kyodo) -- The U.S. dollar briefly rose above 107 yen for the first time since September 2008 in Tokyo on Thursday, amid expectation the monetary policy directions of the Bank of Japan and U.S. Federal Reserve are set to diverge further. 

At 5 p.m., the dollar fetched 106.86-87 yen compared with 106.82-92 yen in New York and 106.63-64 yen in Tokyo at 5 p.m. Wednesday. It moved between 106.64 yen and a nearly six-year high of 107.04 yen during the day, changing hands most frequently at 106.77 yen.

Vacations to Japan become more affordable for Americans when the dollar buys more yen.

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