The value of dollar fell to 13-year low of 88.12 yen before it recovered slightly. The rising value of the Japanese yen puts pressure on Japanese exporters’ margins. Photographers may also find Japanese photography gears becoming more expensive.
Ever wondered why Nikon D3X is $8000? Perhaps Nikon has anticipated the volatility of the currency exchange rate.
The dollar has fallen about 20 percent against the yen this year and could be headed lower if the Federal Reserve cuts interest rates again and investors flee for higher-yielding currencies, analysts said.