Yen Recovers Against Majors
27 October 2016 - 11:58AM
RTTF2
The Japanese yen recovered from early lows against the other
major currencies in the Asian session on Thursday.
The yen rose to 113.70 against the euro and 74.65 against the NZ
dollar, from early lows of 114.17 and 74.85, respectively.
Against the pound, the U.S. dollar and the Swiss franc, the yen
advanced to 127.42, 104.30 and 104.93 from an early 9-day low of
128.14, a 2-day low of 104.69 103.00 and a 1-week low of 105.35,
respectively.
If the yen extends its uptrend, it is likely to find resistance
around 112.00 against the euro, 73.00 against the kiwi, 125.00
against the pound, 103.00 against the greenback and 103.00 against
the franc.
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