TOKYO: The Japanese yen strengthened against the other major currencies in the Asian session on Tuesday.
The yen rose to nearly a 1-1/2-month high of 98.38 against the Canadian dollar, from yesterday’s closing value of 98.77.
The yen advanced to 136.66 against the euro, 192.16 against the pound and 131.73 against the Swiss franc, from yesterday’s closing quotes of 137.65, 192.73 and 132.43, respectively.
Against the U.S., the Australia and the New Zealand dollars, the yen edged up to 122.19, 93.66 and 83.10 from yesterday’s closing quotes of 122.52, 94.08 and 83.92, respectively.
If the yen extends its uptrend, it is likely to find resistance around 97.00 against the loonie, 131.00 against the euro, 188.00 against the pound, 128.00 against the franc, 120.00 against the greenback, 91.50 against the aussie and 82.00 against the kiwi.
