Yen Rises Against Majors
February 10 2016 - 4:58PM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Thursday.
The yen rose to more than a 2-year high of 163.84 against the
pound and a 16-month high of 112.53 against the U.S. dollar, from
yesterday's closing quotes of 164.56 and 113.32, respectively.
Against the euro, the Swiss franc and the Canadian dollar, the
yen advanced to 3-week highs of 127.35, 115.93 and 80.89 from
yesterday's closing quotes of 127.96, 116.39 and 81.35,
respectively.
Against the Australian and the New Zealand dollars, the yen
climbed to 2-day highs of 80.17 and 75.36 from yesterday's closing
quotes of 80.38 and 75.73, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 162.00 against the pound, 111.00 against the greenback,
126.00 against the euro, 114.00 against the franc, 78.00 against
the loonie, 79.00 against the aussie and 73.00 against the
kiwi.
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