GBPJPY Pound Sterling vs Japanese Yen

The Japanese yen strengthened against the other major currencies in the early European session on Tuesday.

The yen rose to a 1-1/2-month high of 91.32 against the Australian dollar, a 5-week high of 94.27 against the Canadian dollar and a 4-day high of 123.32, from early lows of 92.06, 94.82 and 124.35, respectively.

Moving away from an early near a 2-week low of 120.35 against the U.S. dollar, the yen edged up to 119.94.

Against the euro and the NZ dollar, the yen advanced to near 2-week highs of 129.01 and 89.66 from early lows of 130.03 and 90.25, respectively.

The yen edged up to 177.29 against the pound, from an early low of 178.05.

If the yen extends its uptrend, it is likely to find resistance around 89.00 against the aussie, 93.00 against the loonie, 120.00 against the Swiss franc, 118.50 against the greenback, 127.00 against the euro, 88.50 against the kiwi and 175.00 against the pound.

Sterling vs Yen (FX:GBPJPY)
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Sterling vs Yen (FX:GBPJPY)
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