Yen Advances Against Majors
11 August 2017 - 04:30AM
RTTF2
The Japanese yen strengthened against other major currencies in
the Asian session on Friday.
The yen rose to near 2-month highs of 141.38 against the pound
and 108.91 against the U.S. dollar, from yesterday's closing quotes
of 141.73 and 109.21, respectively.
Against the euro and the Swiss franc, the yen advanced to more
than a 5-week high of 128.18 and a 2-day high of 113.26 from
yesterday's closing quotes of 128.54 and 113.45, respectively.
If the yen extends its uptrend, it is likely to find resistance
around 139.00 against the pound, 107.00 against the greenback,
124.00 against the euro and 112.00 against the franc.
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