Yen Extends Advance Against Majors
January 30 2015 - 5:18AM
RTTF2
The Japanese yen continued its early rise against its major
rivals in early European deals on Friday.
The yen climbed to a 4-day high of 177.01 against the pound, new
2-week high of 126.93 against the franc and a 10-1/2-month high of
91.26 against the aussie, off early lows of 178.55, 128.32 and
92.21, respectively.
The yen rose to 117.59 against the greenback and 132.97 against
the euro, from an early low of 118.45 and a 2-day low of 134.17,
respectively.
The yen advanced to near a 6-month high of 92.82 against the
loonie and near a 3-month high of 85.27 against the kiwi, after
falling to 93.92 and 86.23, respectively in early deals.
The next possible resistance for the yen is seen around 115.00
against the greenback, 130.00 against the euro, 115.00 against the
franc, 90.00 against the loonie, 90.00 against the aussie, 82.5
against the kiwi and 170.00 against the pound.
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