We're now in a new month.
The following is moot point as no American (or any other) tourists are allowed in Japan, but it is interesting to see how the U.S. dollar is faring against the Japanese yen in Tokyo foreign exchange trading.
What little opening there was to business people and students, the omicron variant has caused Japan to slam its doors again. I have read that the omicron variant has mild symptoms. I don't know how accurate that is, but if this is true, the world's reaction to it may be a case of "much ado about nothing."
According to Jiji Press:
Tokyo, Nov. 30 (Jiji Press)--The dollar eased to around 113.20 yen in Tokyo trading Tuesday, pressured by media reports questioning the effectiveness of Moderna Inc.'s COVID-19 vaccine against the omicron coronavirus variant.
At 5 p.m., the dollar stood at 113.18-18 yen, down from 113.54-59 yen at the same time Monday.
To read more, go here.
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