Yen Rises Against Majors
December 03 2023 - 8:35PM
RTTF2
The Japanese yen strengthened against other major currencies in
the Asian session on Monday.
The yen rose to a 1-month high of 159.11 against the euro and a
4-day high of 168.32 against the Swiss franc, from last week's
closing quotes of 159.76 and 168.86, respectively.
The yen advanced to a 2-week high of 185.53 against the pound
and nearly a 3-month high of 146.24 against the U.S. dollar, from
Friday's closing quotes of 186.57 and 146.81, respectively.
Against the Australia, the New Zealand and the Canadian dollars,
the yen rose to 4-day highs of 97.65, 90.89 and 108.39 from last
week's closing quotes of 97.98, 91.14 and 108.76, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 157.00 against the euro, 164.00 against the franc, 180.00
against the pound, 143.00 against the greenback, 94.00 against the
aussie, 87.00 against the kiwi and 105.00 against the loonie.
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