Yen Extends Gain Against Most Majors
January 15 2016 - 3:00AM
RTTF2
The Japanese yen extended its early rally against most major
opponents in European trading on Friday.
The yen rose to a 3-day high of 117.23 against the greenback,
near 2-year high of 167.98 against the pound, 4-month high of 74.85
against the kiwi and more than a 3-year high of 80.51 against the
aussie, from its early lows of 118.27, 170.57 and 76.75 and 2-day
low of 82.80, respectively.
The yen reached as high as 116.74 against the franc, off its
prior 2-day low of 117.63.
If the yen extends rise, it may find resistance around 116.00
against the greenback, 165.00 against the pound, 114.00 against the
franc, 78.00 against the aussie and 72.00 against the kiwi.
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