The Japanese yen strengthened against the other major currencies in the Asian session on Tuesday.
The yen rose to 8-day highs of 146.19 against the euro and 121.52 against the Swiss franc, from yesterday's closing quotes of 146.57 and 121.89, respectively.
The yen, which ended yesterday's deals at 103.63 against the Canadian dollar and 187.18 against the pound strengthened to a 1-week high of 103.39 and a 6-day high of 186.79, respectively.
Against the U.S., Australia and New Zealand dollars, the yen edged up to 120.44, 97.81 and 93.65 from yesterday's closing quotes of 120.66, 98.03 and 93.92, respectively.
If the yen extends its uptrend, it is likely to find resistance around 144.98 against the euro, 120.53 against the Swiss franc, 101.56 against the loonie, 184.30 against the pound, 118.67 against the greenback, 96.08 against the aussie and 92.47 against the kiwi.
The material has been provided by InstaForex Company – www.instaforex.com