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Yen Recovers Against Majors

21:19, 23rd April 2017

(RTTNews) - The Japanese yen recovered from recent lows against the other major currencies in the Asian session on Monday.

The yen rose to 140.59 against the pound and 109.85 against the U.S. dollar, from an early near 2-month low of 141.89 and nearly a 2-week low of 110.52, respectively.

Against the euro and the Swiss franc, the yen advanced to 118.99 and 110.19 from an early near 4-week lows of 120.33 and 111.59, respectively.

If the yen extends its uptrend, it is likely to find resistance around 138.00 against the pound, 108.00 against the greenback, 116.00 against the euro and 108.00 against the franc.

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