Not that it really matters to American tourists since there's no vacation travel to Japan allowed (despite the declared coronavirus State of Emergency has been lifted for some prefectures), but since we're in a new month, it's time to see how the U.S. dollar is faring against the Japanese yen in Tokyo trading.
According to the Japan Times:
The dollar climbed to around ¥106.60 in Tokyo trading Monday, in response to a rebound in U.S. long-term interest rates and real demand.
At 5 p.m., the dollar stood at ¥106.60, up from ¥106.08 at the same time Friday. The euro was at $1.2076, down from $1.2134, and at ¥128.73, almost unchanged from ¥128.72.
The dollar slipped through ¥106.40 on a moderate fall in U.S. long-term interest rates and selling by Japanese exporters in the early morning.
But the greenback rebounded to six-month highs near ¥106.70 toward noon thanks to an upturn in the interest rates and buying by Japanese importers for settlement purposes.
It is incredible that the dollar's six-month highs were near ¥106.70. That rate would not get visitors much yen for spending in the country. And that's just the rate for "high rollers."
To read more, go here.
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