Yen Rises Against Majors
00:43, 26th September 2016
(RTTNews) - The Japanese yen strengthened against the other major currencies in the early European session on Monday.
The yen rose to nearly a 1-1/2-month high of 129.88 against the pound, a 5-week high of 72.69 against the NZ dollar and a 5-day high of 76.20 against the Canadian dollar, from early lows of 131.23, 73.21 and 76.79, respectively.
Against the U.S. dollar, the Swiss franc and the Australian dollar, the yen advanced to 4-day highs of 100.51, 103.66 and 76.45 from early lows of 101.08, 104.27 and 76.98, respectively.
The yen edged up to 112.90 against the euro, from an early low of 113.51.
If the yen extends its uptrend, it is likely to find resistance around 128.00 against the pound, 71.00 against the kiwi, 75.00 against the loonie, 99.00 against the greenback, 101.00 against the franc, 75.00 against the aussie and 111.00 against the euro.
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