Yen Rises Against Majors
20 April 2015 - 07:38AM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Monday.
The yen rose to a 4-day high of 177.37 against the pound, from
last week's closing value of 177.89.
Against the Australian dollar, the yen appreciated to 92.59 from
an early more than a 3-week low of 93.14. At Friday's close, the
yen was trading at 92.49 against the aussie.
Moving away from early near 2-week lows of 128.74 against the
euro and 125.11 against the Swiss franc, the yen edged up to 127.81
and 124.33, respectively. The yen closed Friday's deals at 128.41
against the euro and 124.79 against the franc.
The yen edged up to 118.6 against the U.S. dollar, from Friday's
closing value of 118.89.
Against the New Zealand and the Canadian dollars, the yen
advanced to 91.28 and 97.19 from early lows of 91.78 and 97.51,
respectively.
If the yen extends its uptrend, it is likely to find resistance
around 174.60 against the pound, 90.00 against the aussie, 125.60
against the euro, 121.80 against the franc, 117.00 against the
greenback, 88.88 against the kiwi and 94.40 against the loonie.
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