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Forex News: Yen Rises Against Majors

Yen Rises Against Majors

09/04/2017 - 03:30:00 (RTTNews)

(RTTNews) - The Japanese yen strengthened against other major currencies in the early European session on Monday.

The yen rose to 6-day highs of 109.38 against the U.S. dollar and 113.95 against the Swiss franc, from early lows of 109.93 and 114.38, respectively.

The yen edged up to 130.10 against the euro, from an early low of 130.62. This may be compared to an early 6-day high of 130.08

Against the Australian dollar and the pound, the yen advanced to a 5-day high of 86.99 and a 4-day high of 141.71 from early lows of 86.99 and 142.49, respectively.

If the yen extends its uptrend, it is likely to find resistance around 107.00 against the greenback, 112.00 against the franc, 128.00 against the euro, 84.00 against the aussie and 139.00 against the pound.

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