Tokyo has regained its top spot among the world’s most expensive cities for expatriates for the first time since 2012, on the rise of the yen. On the other hand, London fell out of the top 100 priciest cities after Brexit crushed the pound.

The Japanese capital jumped to first place from 12th last year, while Yokohama and Osaka joined the top 10, ECA International said in a report comparing the global cost of living for expatriates. The three cities all leapfrogged Hong Kong, which dropped to 11th from ninth. Zurich fell from the top spot to third while Geneva fell to fourth from second.

ECA started its rankings in 2004. The estimates are based on cost-of-living surveys carried out in March and September, using a basket of goods and services including food, rent and utility charges.

Luanda in oil-rich Angola climbed to the second position from fifth globally, while South Korea’s Seoul fell to 11th from 10th. Busan ranked 18th.