The Japanese yen strengthened against the other major currencies in the Asian session on Tuesday.

The yen rose to more than a 1-1/2-year low of 105.81 against the U.S. dollar, from an early low of 106.46.

Against the euro, the pound and the Swiss franc, the yen edged up to 122.12, 155.29 and 110.93 from early lows of 122.76, 156.15 and 111.54, respectively.

If the yen extends its uptrend, it is likely to find resistance around 104.00 against the greenback, 121.00 against the euro, 151.00 against the pound and 110.00 against the franc.

US Dollar vs Yen (FX:USDJPY)
Forex Chart
From Feb 2024 to Mar 2024 Click Here for more US Dollar vs Yen Charts.
US Dollar vs Yen (FX:USDJPY)
Forex Chart
From Mar 2023 to Mar 2024 Click Here for more US Dollar vs Yen Charts.