Dollar Hovering Around 123 Yen In Tokyo Trading

There's good news coming out of Tokyo on the foreign exchange rate between the Japanese yen and the U.S. dollar this morning.

According to Jiji Press:

Tokyo, May 27 (Jiji Press)--The dollar hovered around 123 yen in Tokyo trading on Wednesday after topping the level in overseas trading overnight, for the first time in nearly eight years, following solid U.S. economic data.

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