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Yen Extends Gain Against Majors

19:33, 5th May 2016

(RTTNews) - The Japanese yen extended its early rally against its key counterparts in early New York deals on Thursday.

The yen advanced to 3-day highs of 110.84 against the franc and 122.10 against the euro, off its early lows of 111.93 and 123.13, respectively.

The yen edged up to 154.87 against the pound and 106.80 against the greenback, coming off from its previous lows of 155.86 and 107.40, respectively.

The yen may target resistance around 106.00 against the greenback, 108.00 against the franc, 120.00 against the euro and 152.5 against the pound.

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