Yen rises against Majors

CANBERA (dpa-AFX) – The Japanese yen strengthened against other major currencies during the Asian session on Thursday.

The yen rose to a one-month high of 158.78 against the euro and a one-month high of 143.31 against the U.S. dollar. Yesterday’s closes were 159.28 and 143.73, respectively.

The yen rose against the pound to 188.36, its highest in nearly three weeks, compared with yesterday’s close of 188.89.

Against the Swiss franc and the New Zealand dollar, the yen climbed to near three-week highs of 169.36 and 88.62, compared with Wednesday’s closes of 169.77 and 89.08 respectively.

Against the Australian and Canadian dollars, the yen rose to near one-month highs of 96.23 and 106.09, up from yesterday’s close of 96.64 and 106.41 respectively.

If the yen continues its uptrend, it is likely to face resistance around 155.00 against the euro, 140.00 against the dollar, 182.00 against the pound, 165.00 against the franc, 82.00 against the kiwi, 89.00 against the Aussie and 101.00 against the Canadian dollar.

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