The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday.
The yen rose to more than a 7-month high of 121.87 against the Swiss franc and nearly a 2-month high of 132.69 against the euro, from yesterday’s closing quotes of 122.09 and 133.09, respectively.
Against the pound and the U.S. dollar, the yen edged up to 184.07 and 120.25 from yesterday’s closing quotes of 184.29 and 120.44, respectively.
If the yen extends its uptrend, it is likely to find resistance around 120.00 against the franc, 132.00 against the euro, 181.00 against the pound and 118.00 against the greenback.
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