Yen Rises Against Majors
May 26 2016 - 10:44PM
RTTF2
The Japanese yen strengthened against the other major currencies
in the early European session on Friday.
The yen rose to a 2-day high of 160.54 against the pound, from
an early low of 161.42.
Against the euro, the Swiss franc and the NZ dollar, the yen
advanced to 122.58, 110.73 and 73.79 from early 2-day lows of
123.08, 111.18 and 74.26, respectively.
Against the U.S., the Australian and the Canadian dollars, the
yen edged up to 109.56, 79.11 and 84.19 from early lows of 110.00,
79.49 and 84.77, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 157.00 against the pound, 121.00 against the euro, 109.00
against the franc, 72.00 against the kiwi, 108.00 against the
greenback, 78.00 against the aussie and 82.00 against the
loonie.
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