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Canadian Dollar Jumps To Fresh 1-month High Against Yen

10:30, 7th August 2012

(RTTNews) - Extending its recent rally, the Canadian dollar touched 78.95 against the yen around 10:25 am ET and this set the strongest level for the pair since July 5. This was also up by more than 1 percent from early Asian session's 4-day low of 78.11.

The loonie-yen pair staged a rebound from its late-July support zone of 76.35/40 and the pair is poised to challenge the medium-term resistance around the 79.15/35 area.

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