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Yen Trades Further Higher Against Major Rivals

Extending its previous session's upward trading, the Japanese yen advanced further against major opponents during New York afternoon deals on Tuesday.

At present, the yen is trading near a 7-week high of 105.62 against the euro, new 5-week highs of 80.83 versus the US dollar, 87.91 against the Swiss franc and 127.99 versus the British pound, compared to yesterday's close of 106.82, 81.50, 88.88 and 129.54, respectively.

The Japanese currency also edged up further against the Australian, Canadian and New Zealand dollars in today's afternoon session. The yen climbed to more than an 8-week high of 82.88 against the Aussie, fresh 5-week highs of 80.55 versus the loonie and 65.68 against the kiwi by about 12:15 pm ET from Monday's closing values of 84.07, 81.71 and 66.98, respectively.

by RTT Staff Writer

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