Now that we're in a new month, it is time to take a look at how the U.S. dollar is faring against the Japanese yen in Tokyo trading.
It will be a while before tourism to Japan can resume as some are seeing a "fourth wave" of coronavirus infections in Japan. It is interesting that this is happening since vaccines are now available.
The Japan Times reported:
The dollar fell to around ¥110.60 in lackluster Tokyo trading Friday.
At 5 p.m., the dollar stood at ¥110.54, down from ¥110.68 at the same time Thursday. The euro was at $1.1777, up from $1.1740, and at ¥130.19, up from ¥129.95.
The dollar dropped to around ¥110.50 in early morning trading as the gaps between U.S. and Japanese interest rates narrowed, but firmed later on buying by Japanese importers for settlement purposes.
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