As we are now in a new month, it is time to take a little peek at how the U.S. dollar is faring against the Japanese yen in foreign exchange.
This is of great interest to Americans planning to travel to Japan.
According to FXEmpire:
Trade headlines, hawkish Fed signals, and uncertainty about the timing of a Bank of Japan rate hike drove USD/JPY higher in the week ending May 30.
However, the gains were modest as US court drama left trade developments center stage. The USD/JPY pair rose 1.04% to close at 144.038. USD/JPY dropped to a low of 142.10 before recovering.
To read more, go here.
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