Yen Rises Against Majors
May 16 2017 - 9:55PM
RTTF2
The Japanese yen strengthened against the other major currencies
in the pre-European session on Wednesday.
The yen rose to near 2-week highs of 144.95 against the pound
and 112.28 against the U.S. dollar, from early lows of 146.12 and
113.12, respectively.
Against the euro and the Swiss franc, the edged up to 124.76 and
114.27 from early lows of 125.39 and 114.77, respectively.
Against the Australian, the New Zealand and the Canadian
dollars, the yen advanced to an 8-day high of 83.36, nearly a
2-week high of 77.45 and a 2-day high of 82.62 from early lows of
84.01, 77.89 and 83.14, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 143.00 against the pound, 111.00 against the greenback,
122.00 against the euro, 112.00 against the franc, 112.00 against
the aussie, 76.00 against the kiwi and 81.00 against the
loonie.
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