Yen Rises Against Majors
April 16 2017 - 10:08PM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Monday.
The yen rose to more than a 5-month high of 114.85 against the
euro, from Friday's closing value of 115.21.
Against the pound and the Swiss franc, the yen advanced to
5-month highs of 135.59 and 107.68 from last week's closing quotes
of 135.92 and 107.96, respectively.
Against the yen and the Canadian dollar, the yen climbed to
5-month highs of 108.13 and 81.26 from last week's closing quotes
of 108.56 and 81.43, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 113.00 against the euro, 133.00 against the pound, 106.00
against the franc, 107.00 against the yen and 80.00 against the
loonie.
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