The Japanese yen has been extending its European morning session's gains against most major currencies in later deals on Friday.
Reports suggested that the European Central Bank will start buying government bonds only after Germany's Constitutional Court decides about the legality of Europe's permanent bailout fund.
The yen hit a 2-day high of 124.19 against the pound, 3-day highs of 98.00 against the euro and 81.62 against the franc with 123.5, 97.00 and 81.00 seen as the next resistance levels, respectively.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.