Dollar May Retake 80 Yen Soon

Above, Harajuku Station in Tokyo. Photo by Armand Vaquer.

Jiji Press is reporting that the U.S. dollar may rise to 80 yen soon.

In an article posted today:

Tokyo, Feb. 18 (Jiji Press)--Following a sharp rally in the last two weeks, the dollar may soon rise above the 80 yen threshold for the first time since last August.

The greenback has been weakening versus the yen since mid-2011 on the back of sovereign debt problems in Europe and the United States, with the Japanese unit sought as a safe-haven currency.

If so, this would make travel to Japan and Japanese imports more affordable to Americans.

To read the full story, go here.

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