Yen Strengthens Against Majors
March 06 2015 - 07:35AM
RTTF2
The Japanese yen gained ground against its major rivals in
European deals on Friday.
The yen climbed to nearly 2-month high of 122.69 versus the
franc and a 2-week high of 182.01 versus the pound, off early lows
of 123.54 and 183.23, respectively.
The yen spiked up to 131.21 against the euro, its highest since
January 26, from an early low of 132.54.
The yen edged up to 119.97 against the greenback, bouncing off
from its previous low of 120.19.
The yen is likely to find resistance around 119.00 against the
greenback, 129.5 against the euro, 121.00 against the franc and
180.00 against the pound.
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