Yen Rises Against Majors
November 07 2024 - 7:51PM
RTTF2
The Japanese yen strengthened against other major currencies in
the Asian session on Friday.
The yen rose to nearly a 2-week high of 164.50 against the euro
and a 4-day high of 174.80 against the Swiss franc, from
yesterday's closing quotes of 165.23 and 175.26, respectively.
Against the pound, the U.S. dollar and the Canadian dollar, the
yen advanced to 2-day highs of 197.83, 152.55 and 109.91 from
Thursday's closing quotes of 198.59, 152.93 and 110.32,
respectively.
Against the Australia and the New Zealand dollars, the yen edged
up to 101.46 and 91.62 from yesterday's closing quotes of 102.13
and 92.13, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 160.00 against the euro, 171.00 against the franc, 191.00
against the pound, 145.00 against the greenback, 105.00 against the
loonie, 98.00 against the aussie and 90.00 against the kiwi.
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