The Canadian dollar appreciated almost 0.9 percent to a 4-day high of 78.82 against the yen around 8:40 am ET Tuesday from early Asian session's 4-day low of 78.11. The next barrier for the loonie-yen pair is seen at last Friday's peak of 78.88 and a move beyond could set its strongest mark in nearly 5-weeks.
The loonie-yen pair staged a rebound from its late-July support zone of 76.35/40 and then showed some corrective tone in early part of the previous week. However, the pair has been steadily rising since then and is poised to challenge the medium-term resistance around the 79.15/35 area.
by RTT Staff Writer
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