Yen Rises Against Majors
05 September 2024 - 12:12PM
RTTF2
The Japanese yen strengthened against other major currencies in
the Asian session on Thursday.
The yen rose to nearly a 1-month high of 158.78 against the euro
and a 1-month high of 143.31 against the U.S. dollar, from
yesterday's closing quotes of 159.28 and 143.73, respectively.
The yen advanced to nearly a 3-week high of 188.36 against the
pound, from yesterday's closing value of 188.89.
Against the Swiss franc and the New Zealand dollars, the yen
climbed to near 3-week highs of 169.36 and 88.62 from Wednesday's
closing quotes of 169.77 and 89.08, respectively.
Against the Australia and the Canadian dollars, the yen jumped
to near 1-month highs of 96.23 and 106.09 from yesterday's closing
quotes of 96.64 and 106.41, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 155.00 against the euro, 140.00 against the greenback,
182.00 against the pound, 165.00 against the franc, 82.00 against
the kiwi, 89.00 against the aussie and 101.00 against the
loonie.
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