Today is December 1 and it is time to take a look at how the U.S. dollar is faring against the Japanese yen in Tokyo trading.
It is still doing well enough that many Americans are heading to Japan to take advantage of the exchange rate's increased purchasing power for the dollar.
According to Jiji Press:
The dollar-yen exchange rate (quote) in the Tokyo foreign exchange market on the 29th fell to around 150 yen per dollar due to the strengthening of adjustment selling due to the end of the month, as well as the pressure of the decline in US long-term interest rates in after-hours trading at the end of the day. As of 5:00 p.m., it was 150.00-01 yen, a significant 1.72 yen drop in the dollar and 1.72 yen rise in the yen from the previous day (151.72-73 yen at 5:00 p.m.).
To read more, go here.
No comments:
Post a Comment