The Japanese yen strengthened against the other major currencies in the European session on Monday.

The yen rose to 117.59 against the euro and 137.81 against the pound, from early lows of 118.06 and 138.15, respectively.

Against the U.S. dollar and the Swiss franc, the yen advanced to 111.18 and 110.07 from an early 1-week low of 111.57 and a 4-day low of 110.49, respectively.

If the yen extends its uptrend, it is likely to find resistance around 116.00 against the euro, 134.00 against the pound, 110.00 against the greenback and 109.00 against the franc.

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