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Sunday, May 1, 2022

Dollar Tops ¥131 For The First Time In 20 Years

We're now in a new month, it's time to take a peek at how the U.S. dollar is doing against the Japanese yen in Tokyo foreign exchange trading.

According to Jiji Press, April ended with the dollar topping over ¥130 yen.

They reported:

Tokyo, April 28 (Jiji Press)--The dollar shot up above 131 yen for the first time since April 2002 on Thursday, after the Bank of Japan announced on the day a decision to keep its ultraeasy monetary policy unchanged.

At 5 p.m. in Tokyo, the dollar stood at 130.59-59 yen, up from 127.98-99 yen at the same time Wednesday.

This would be fantastic if American tourists were allowed into Japan to take advantage of this. Think of how many goodies one could buy with this rate of exchange! 

To read more, go here

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