Ultra-low interest rates mean the greenback is replacing the yen as favorite.
Malaysian passenger Hoh Kim-keong, 36, and his wife Lai Chew-yen, 39, were on their way to Los Angeles for a wedding and were seated in the back of the plane.
When the yen is strong, as it is today, the Bank of Japan tries to weaken it.
Yen Falls Versus Majors as Stocks Advance on Better U.S. Data The yen fell against its major peers on speculation Asian stocks will follow a gain in U.S. equities on signs the world’s largest economy is strengthening, damping demand for refuge assets.
June 13, 2013 - Bloomberg
Yen Set to Surge Further on BOJ Doubts, Says Pierpont’s Sinche The yen will strengthen further as Japanese investors, disappointed with the Bank of Japan’s monetary-easing efforts, retreat from foreign investments, according to Robert Sinche of Pierpont Securities Holdings.
June 13, 2013 - Bloomberg
Peer Steinbrueck in Reuters Gulf Arabs are planning -- along with China, Russia, Japan and France -- to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for... Robert Fisk http://www.google.com/url?q=http://en.wikipedia.org/wiki/Robert_Fisk&source=dictionary&usg=AFQjCNG_qy15A7CIWjkAcjDODcf6ZF9lKQ Daily News & Analysis http://www.google.com/url?q=http://www.dnaindia.com/money/report_will-oil-lose-its-dollar-peg-not-so-fast_1295764&source=dictionary&usg=AFQjCNF7hWc6y2Y-Yb80CaXTJjHvHGNHBQ Oct 6, 2009
111835 146726 yen It does not mean that the dollar will lose its function as a reserve currency, but it will be supplemented by the yen, the euro, which is already the second biggest reserve currency, and also by the yuan," Steinbrueck said. "Over the next 10...