The Japanese yen strengthened against the other major currencies in the Asian session on Tuesday.
The yen rose to 1-week highs of 112.75 against the U.S. dollar and 113.35 against the Swiss franc, from yesterday’s closing quotes of 113.43 and 113.91, respectively.
Against the euro, the yen advanced to a 4-day high of 124.24 from yesterday’s closing value of 124.93.
The yen edged up to 160.66 against the pound, from yesterday’s closing value of 161.78.
If the yen extends its uptrend, it is likely to find resistance around 111.00 against the greenback, 112.00 against the franc, 122.00 against the euro and 155.00 against the pound.
WB
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