Yen Rises Against Majors
26 July 2016 - 10:26AM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Tuesday.
The yen rose to more than a 2-week high of 73.19 against the NZ
dollar, from yesterday's closing value of 74.01.
Against the euro, the pound, the U.S. dollar and the Swiss
franc, the yen advanced to near 2-week highs of 114.96, 137.13,
104.63 and 106.12 from yesterday's closing quotes of 116.30,
138.95, 105.79 and 107.29, respectively.
Against the Australian and the Canadian dollars, the yen climbed
to 2-week highs of 78.21 and 79.17 from yesterday's closing quotes
of 79.02 and 80.05, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 70.00 against the kiwi, 110.00 against the euro, 128.00
against the pound, 101.00 against the greenback, 102.00 against the
franc, 74.00 against the aussie and 76.00 against the loonie.
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