The U.S. dollar on Tuesday hit the highest level since March 2017 in Asian trading, climbing to the lower 115 yen range, as expectations for an early interest hike by the U.S. Federal Reserve grew with Jerome Powell nominated for a second term as chairman of the central bank.
The dollar rose after fetching 114.82-92 yen in New York and 114.21-23 yen in Tokyo at 5 p.m. Monday. Tokyo markets were closed Tuesday for a national holiday.
A weaker yen enables used car exporters, to increase the nubmer of sold units. It always happens, when the Japan Yen rate is low, the number of export of used cars increases, since the prices for cars decrease then converted in USD.
For our overseas customers, if you plan to import car from Japan, it is the good time.
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