Dollar Falls Below ¥118 In Tokyo Trading

There seems to be some monetary adjusting going on as the U.S. dollar fell below ¥118 today.

According to The Japan Times:

The dollar slipped below ¥118 in Tokyo trading Thursday as selling picked up pace after a plunge in Japanese stock prices. 

At 5 p.m., the dollar stood at ¥117.70-71, down from ¥118.13-15 at the same time Wednesday. 

This is the reason why I feel that going with tour companies who base their tour prices on the rate of exchange is folly, especially when the dollar falls in value against the yen. That makes tours more expensive.

Hopefully, this is just temporary.

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