Another week, another appreciation. The U.S. Dollar just broke 97 yen in trading today. Last week it was hitting 94. This is significant because the dollar was worth that kind of yen last fall before the credit crisis broke, and caused the dollar to go in a free fall as investors moved away from dollar backed investments towards the yen.
This trend towards dollar appreciation is great news for U.S. consumers who buy imports from Japan. If you’ve been eyeing a certain figure or anime merchandise, now is a good time to buy!