The yen hits a one-month low—act fast to exchange currencies

By MOOK Scenic Spots Travel Life Network Editorial Team

Attention Japan lovers! The Japanese yen has continued to depreciate recently. On the 30th, the Bank of Taiwan's cash selling rate dropped to as low as 0.2957, marking a new low in over a month. Those who need to exchange Japanese yen soon should watch for the right timing to make their move.

With expectations of a U.S. interest rate hike in June or July, the U.S. dollar index has risen in the short term, accelerating the continued appreciation of the U.S. dollar and leading to depreciation in Asian currencies such as the New Taiwan dollar, Japanese yen, and South Korean won. Coupled with weak economic performance in Japan, the yen has fallen below the 111-yen-per-dollar mark. Those needing yen should keep an eye on exchange rate movements and seize the opportunity to exchange.