It's a new year and a new month, so let's take a look at how the U.S. dollar is doing in Tokyo's foreign exchange.
In Japan, the viral outbreaks are climbing that may force the government to order a state of emergency. At present, tourism is dead. That means tourists coming to Japan from the U.S. won't have to settle for the lousy exchange rate between the dollar and yen in Tokyo. There's a silver lining to the coronavirus dark cloud after all.
According to the Japan Times:
The dollar eased below ¥102.80 in Tokyo trading Wednesday, as active buying was held in check before a key U.S. election showed results.
At 5 p.m., the dollar stood at ¥102.76, down from ¥102.94 at the same time Tuesday. The euro was at $1.2338, up from $1.2259, and at ¥126.79, up from ¥126.19.
The dollar weakened to around ¥102.60 in overnight overseas trading, as risk appetite grew following the release of the better-than-expected U.S. manufacturing purchasing managers’ index for December and a jump in crude oil prices prompted by oil producer nations’ decision to forgo substantial output cuts.
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