The Australian dollar is on a roll, hitting a 40-year high against the Japanese yen, making trips to Japan more affordable than ever. With the Aussie dollar buying as much as 110.79 yen, travelers are seeing a fantastic boost in their spending power, with this exchange rate not seen since 1986. If you\u2019ve been planning a trip to Japan, now might be the time to act as the currency trend continues to favor Australian tourists.<\/p>\n\n\n\n
So, why is the Australian dollar so strong right now? Experts say it\u2019s a mix of factors, but momentum from the Australian economy plays a significant role, reports ABC News<\/a>. The Aussie dollar has been performing well against other currencies this year, including the US dollar, which has helped boost its value against the yen. Analysts also point to the anticipation of an upcoming interest rate hike, which has further fueled the Aussie dollar\u2019s strength.<\/p>\n\n\n\n But it\u2019s not just Australia\u2019s economy making waves. Japan\u2019s economic situation has also contributed to the weaker yen. Japan\u2019s government, under Prime Minister Sanae Takaichi, has made plans to loosen spending, raising concerns about Japan\u2019s growing debt burden. This has led to a depreciation of the yen, further boosting the Aussie dollar in comparison.<\/p>\n\n\n\n