The Japanese yen has been extending gains against the franc and the euro on Monday amid reports related to German opposition of jointly issued Euro bonds.
At 8:25 am ET, the yen rose to a 4-day high of 79.58 against the franc and 95.56 against the euro and the next upside target level for the yen is seen at 79.00 and 95.00, respectively. At last week's close, the yen was quoted at 80.40 against the franc and 96.53 against the euro.
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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.