Yen Rises Against Majors
April 28 2016 - 7:44PM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Friday.
The yen rose to nearly a 2-week high of 121.89 against the euro,
a 1-week high of 156.71 against the pound and nearly a 2-1/2-year
high of 111.01 against the Swiss franc, from yesterday's closing
quotes of 122.69, 157.84 and 111.81, respectively.
Against the U.S, the Australian, the New Zealand and the
Canadian dollars, the yen advanced to a 1-1/2-year high of 107.08,
more than a 2-week high of 81.73, nearly a 2-week high of 74.76 and
a 10-day high of 85.39 from yesterday's closing quotes of 108.08,
82.38, 75.18 and 86.08, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 120.00 against the euro, 151.00 against the pound, 110.00
against the franc, 106.00 against the greenback, 80.00 against the
aussie, 73.00 against the kiwi and 83.00 against the loonie.
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