The Japanese yen reversed its direction against other major currencies and climbed further in the New York session on Friday.
The yen is trading at 4-day highs of 79.51 against the greenback and 79.78 against the loonie, compared to Thursday's close of 80.31 and 80.74, respectively.
The yen also hit 10-day highs of 84.95 against franc and 102.70 against the euro with 84.00 and 102.00 seen as the next upside target levels, respectively.
Against the pound, the yen is trading at 128.08 with 127.5 seen as the next upside target level.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.