By MOOK Scenic Spots compiled and reported
Travelers planning to visit Japan during the Spring Festival or winter vacation, take note: Due to global risk-averse funds flowing into Japan, the yen has surged, briefly breaking through 0.29 – a two-year high. Compared to October last year, exchanging 50,000 NTD will get you over 9,000 fewer yen – enough for one adult Disney ticket!
The yen has surged to a two-year high due to global risk-averse funds flowing into Japan. (Photo / pixabay)
Driven by Apple's downward revision of its earnings outlook, China's economic slowdown, and the foreign exchange market’s move to avoid risks by selling the US dollar and heavily buying the safer yen, the Japanese currency has seen a sharp rise.
The yen’s sharp rise is also due to Apple’s downward earnings forecast, which led to China’s economic slowdown. (Photo / MOOK Scenic Spots)
With many people choosing to travel to Japan during the upcoming winter vacation and Spring Festival, experts say the US dollar is only expected to remain weak in the short term, while the overall trend of the yen weakening won’t change – it’s best to exchange your money as soon as possible.
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》https://www.mook.com.tw/article.php?op=articleinfo&articleid=19635