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Forex News: Yen Rises Against Majors

Yen Rises Against Majors

04/05/2017 - 01:02:00 (RTTNews)

(RTTNews) - The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday.

The yen rose to 118.02 against the euro, from an early 2-day low of 118.46.

Against the pound, the U.S. dollar and the Swiss franc, the yen advanced to 137.56, 110.54 and 110.32 from yesterday's closing quotes of 137.75, 110.73 and 110.53 , respectively.

If the yen extends its uptrend, it is likely to find resistance around 116.00 against the euro, 136.00 against the pound, 109.00 against the greenback and 109.00 against the franc.

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