Dollar hits three-year low against the yen
Advertiser Staff
The dollar fell to a three-year low against the yen today.
The dollar dropped to 103.96 yen, marking the first time it traded below 104 yen since March 2005.
A stronger yen is generally good for local hotels and other businesses that cater to Japanese tourists. A stronger yen boosts the purchasing power of Japanese tourists when they convert their currency into U.S. dollars.
