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International · 33 mins ago

Why the Aussie dollar is climbing back towards a 36-year high against the yen

Francesco Riccardo Iacomino/Getty The Australian dollar is once again climbing against the Japanese yen, back towards its highest level in decades. If you have an overseas holiday booked for Japan, you’re in luck. Your dollars will go significantly further. But for the United States and Japanese governments, the weakening yen has been ringing some alarm bells. At the end of July, the two governments took the rare step of working together to actively prop up the yen, which had hit its lowest…
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