Yen Rises Against Majors
12 April 2017 - 11:26AM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Wednesday.
The yen rose to nearly a 3-month high of 136.52 against the
pound, from yesterday's closing value of 136.92.
Against the U.S. and the Canadian dollars, the yen advanced to
nealy a 5-month high of 109.34 and an 8-day high of 82.01 from
yesterday's closing quotes of 109.61 and 82.23, respectively.
Against the euro and the Swiss franc, the yen climbed to near
5-month highs of 115.93 and 108.53 from yesterday's closing quotes
of 116.23 and 108.81, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 135.00 against the pound, 108.00 against the greenback,
81.00 against the loonie, 114.00 against the euro and 107.00
against the franc.
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