News Column

Yen Rises Against Majors

August 18, 2014

BRUSSELS (Alliance News) - The yen strengthened against the other major currencies ahead of European session on Tuesday.

The yen rose to 4-day highs of 136.86 against the euro and 112.98 against the Swiss franc, from early lows of 137.13 and 113.18, respectively.

Moving away from an early 4-day low of 102.64 against the US dollar, the yen recovered to 102.51.

Against the pound, the yen edged up to 171.37 against the pound from an early low of 171.62.

If the yen extends its uptrend, it is likely to find resistance around 135.65 against the euro, 112.50 against the franc, 101.51 against the greenback and 170.38 against the pound.

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Source: Alliance News

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