Yen Rises Against Majors
March 07 2017 - 6:19PM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Wednesday.
The yen rose to nearly a 4-month high of 79.09 against the NZ
dollar and a 1-month high of 138.68 against the pound, from
yesterday's closing quotes of 79.26 and 139.07, respectively.
Against the euro and the U.S. dollar, the yen advanced to a
5-day high of 120.02 and a 2-day high of 113.61 from yesterday's
closing quotes of 120.41 and 113.98, respectively.
Against the Swiss franc and the Canadian dollar, the yen climbed
to 1-week highs of 112.08 and 84.74 from yesterday's closing quotes
of 112.47 and 84.98, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 78.00 against the kiwi, 136.00 against the pound, 119.00
against the euro, 111.00 against the greenback, 111.00 against the
franc and 83.00 against the loonie.
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