In early New York trading on Monday, the Japanese yen spiked up against the Canadian and European counterparts.
The yen touched fresh multi-week highs of 106.14 against the euro and 81.33 against the loonie with 105.5 and 81.00 seen as the next upside target levels, respectively. At last week's close, the yen ended deals at 106.82 against the euro and 81.81 against the loonie.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.