Yen Rises Against Majors
May 25 2017 - 7:46PM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Friday.
The yen rose to an 8-day high of 143.69 against the pound and a
3-day high of 124.87 against the euro, from yesterday's closing
quotes of 144.72 and 125.34, respectively.
Against the U.S. dollar and the Swiss franc, the yen advanced to
111.54 and 114.51 from yesterday's closing quotes of 111.83 and
114.89, respectively.
Against the New Zealand and the Canadian dollars, the yen
climbed to 2-day highs of 78.18 and 82.67 from yesterday's closing
quotes of 78.52 and 82.90, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 141.00 against the pound, 123.00 against the euro, 110.00
against the greenback, 112.00 against the franc, 76.00 against the
kiwi and 81.00 against the loonie.
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