Now that we're in a new month and the fall season should entice more Americans to visit Japan thanks to cooler weather, it is time to take a peek at how the U.S. dollar is faring against the Japanese yen.
According to the Mainichi Shimbun:
The U.S. dollar rose to lower 144 yen range in Tokyo on buying after Federal Reserve chief Jerome Powell said the U.S. central bank is not in a rush to cut interest rates, fueling expectations that the U.S. and Japanese rate differential would remain wide, dealers said.
At 5 p.m., the dollar fetched 144.16-19 yen compared with 143.57-67 yen in New York and 142.37-39 yen in Tokyo at 5 p.m. Monday.
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