Yen Rises Against Majors
21 October 2016 - 4:48PM
RTTF2
The Japanese yen strengthened against the other major currencies
in the European session on Friday.
The yen rose to a 3-week high of 112.82 against the euro and
nearly a 3-week high of 104.17 against the Swiss franc, from early
highs of 113.85 and 104.93, respectively.
Moving away from an early 3-day low of 104.20 against the U.S.
dollar and a 2-day low of 127.68 against the pound, the yen
advanced to 103.67 and 126.78, respectively.
Against the Australian, the New Zealand and the Canadian
dollars, the yen climbed to a 4-day high of 79.13, a 3-day high of
74.28 and an 8-day high of 78.21 from early lows of 79.51, 74.88
and 78.75, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 111.00 against the euro, 103.00 against the franc, 102.00
against the greenback, 124.00 against the pound, 77.00 against the
aussie, 73.00 against the kiwi and 77.00 against the loonie.
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