Dollar Below ¥111.50 In Tokyo

The U.S. dollar is not doing so well against the Japanese yen in Tokyo trading.

Jiji Press reported:

Tokyo, March 18 (Jiji Press)--The dollar was weaker below 111.50 yen in Tokyo trading on Friday, with its topside capped by speculation about a slower-than-expected pace of interest rate hikes in the United States. 

At 5 p.m., the dollar stood at 111.33-34 yen, down from 111.74-76 yen at the same time Thursday. 

Will this put a crimp on American tourism to Japan as their dollars aren't buying as much yen as even a month ago?

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