[stuartcr]

Nice, I hope it keeps dropping until July, that’s when I’m heading back there.

[Vigilanteman]

Historically, late March / early April is the low point in the year for the yen as Japanese companies call their other currencies home to dress up the balance sheet for the stockholders.

Tax remittances are also due at the end of April, so more demand for yen to pay taxes = higher prices versus other foreign currencies.

The trend generally tends to swing back the other way starting in Golden Week when Japanese tourists head abroad to buy other currencies. And, more importantly, Japanese companies do the same with their overseas investments.