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.
by RTT Staff Writer
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