Word: yen
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...dollar gyrated last week in jittery foreign exchange markets. At first it hit new peaks against the West German mark, Japanese yen and French franc, but as U.S. interest rates fell, the dollar began to drop. On Thursday and Friday it declined 2% against the mark and franc and 1% against the yen...
...blessed with a tremendous heritage," agrees Yen-Tsau Feng, who, as Larsen Librarian of Harvard College, is the University official perhaps most intimately involved with the day-to-day problems of running the system. "We have inherited a lot, but that poses a burden because we have to keep...
Fulfilling a yen to keep in touch while airborne
...expanding their hours beyond the current 10 a.m. to 4 p.m. When the Chicago-Singapore link opened last week, trading was limited to futures contracts in Eurodollars, which are U.S. dollars deposited in foreign banks, and deutsche marks. Next month the exchange will begin trading futures in Japanese yen, and it may soon handle commodities like gold...
...EAST. Even though the yen has fallen 9.9% against the dollar since 1980, Tokyo remains an expensive place to visit. "I haven't found anything cheaper in Japan," snapped a visitor from Ohio. Dinner at a good Tokyo steak house runs about $24, up $8 from 1980. Nor are electronic wares or other Japanese specialties particularly cheap. American shoppers are finding that high-quality Japanese cameras cost about as much in Tokyo as in New York City. But many travelers say that they did not go to Japan for the bargains. One survey found that most Americans were attracted...