As Japan’s yen peaks, is the era of budget-friendly trips coming to an end for Australian travellers?

The currency has now reached its highest level against the US and Australian dollars in six months Get our breaking news email , free app or daily news podcast In the unpredictable world of global currency markets, there has been one safe bet: that the Japanese yen would continue its relentless decline.

In recent weeks, that trade has started to unravel after Tokyo and Washington intervened to support the longsuffering Japanese currency.

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