Forex News

Yen growth against major currencies

The Japanese yen increased against its main opponents during European trading on Friday.

The yen rose to a 2-day high of 128.69 against the euro, weekly highs of 109.30 against the US dollar and 84.00 against the lunis, from the past lows of 129.73, 109.85 and 84.69 respectively.

The yen increased to 4-day highs of 76.67 against the kiwi and 82.87 against the aussie, 3-day highs of 111.38 against the franc and 146.64 against the pound, from past lows of 77.21, 83.78, 112.01 and 147.44 respectively.

If the yen continues to grow, it is likely to face resistance at y ram 127.00 against the euro, 108.00 against the US dollar, 110.00 against the franc, 145.00 against the pound, 83.00 against the loonie, 75.00 against the kiwi and 80.00 against the aussie. [19659005]