Dollar Near 105 Yen In Tokyo

The dollar hit an 8-month high today of about 105.30 before settling down.

According to Jiji Press:

Tokyo, Sept. 3 (Jiji Press)--The dollar stayed around 105 yen in Tokyo late Wednesday, cutting gains after hitting an eight-month high of around 105.30 yen early in the afternoon.

At 5 p.m., the dollar was quoted at 104.96-96 yen. This is good news for American travelers to Japan. This amount is generally obtainable by "high rollers" coming into Japan, but this also means that others will benefit by the more favorable exchange rate. They will get around 100-101 yen per dollar exchanged.

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