Yen Rises Against Majors
October 30 2024 - 10:19PM
RTTF2
The Japanese yen strengthened against other major currencies in
the Asian session on Thursday.
The yen rose to a 2-day high of 165.07 against the euro, a 6-day
high of 152.06 against the U.S. dollar and a 3-day high of 175.86
against the Swiss franc, from an early 3-month low of 166.09, a
2-day low of 153.59 and nearly a 3-1/2-month low of 177.29,
respectively.
The yen advanced to a 6-day high of 197.22 against the pound,
from an early low of 198.92.
Against Australia, the New Zealand and the Canadian dollars, the
yen climbed to nearly a 2-week high of 99.97, a 6-day high of 90.88
and an 8-day high of 109.30 from early lows of 100.92, 91.82 and
110.39, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 158.00 against the euro, 148.00 against the greenback,
170.00 against the franc, 195.00 against the pound, 98.00 against
the aussie, 89.00 against the kiwi and 107.00 against the
loonie.
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