The yen extended previous session's advance against the currencies of the U.S. and Canada just ahead of Wednesday's European session on increasing risk-aversion amid uncertainty over the Fed tapering.
The yen climbed to a 6-day high of 102.49 against the US dollar and a 2-day high of 96.57 against the Canadian dollar around 2:35 am ET. On the upside, the Japanese currency may find target levels at 96.15 against the loonie and 101.70 against the greenback.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.