Yen Rises Against Majors
26 Mai 2016 - 2:05AM
RTTF2
The Japanese yen strengthened against the other major currencies
in the Asian session on Thursday.
The yen rose to nearly a 3-week high of 122.26 against the euro,
from yesterday's closing value of 122.89.
Against the U.S. dollar and the Swiss franc, the yen advanced to
2-day highs of 109.42 and 110.53 from yesterday's closing quotes of
110.23 and 111.12, respectively.
Against the pound, the yen edged up to 160.93 from yesterday's
closing value of 161.89.
If the yen extends its uptrend, it is likely to find resistance
around 121.00 against the euro, 107.00 against the greenback,
109.00 against the franc and 157.00 against the pound.
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