Yen Recovers Against Majors
12 February 2016 - 1:16PM
RTTF2
The Japanese yen recovered against the other major currencies in
the pre-European session on Friday.
The yen rose to 126.36 against the euro, 161.66 against the
pound and 114.79 against the Swiss franc, from early lows of
127.65, 163.54 and 115.95, respectively.
Against the U.S., the Australian, the New Zealand and the
Canadian dollars, the yen edged up to 111.66, 79.28, 74.53 and
80.28 from early lows of 113.01, 80.54, 75.89 and 81.34,
respectively.
If the yen extends its uptrend, it is likely to find resistance
around 125.00 against the euro, 160.00 against the pound, 113.00
against the franc, 110.00 against the greenback, 77.00 against the
aussie, 72.00 against the kiwi and 79.00 against the loonie.
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