During early Asian session on Thursday, the Japanese unit showed modest increase across the board as a slide in some Asian stocks bolstered investors toward safe-haven currencies, like dollar and yen.
As for now, Japan's Nikkei 225 index is losing 0.25%, South Korea's Kospi is falling 0.35%, China's Shangai Composite index is declining 1.04% and Hong Kong's Hang Seng is 0.6% down.
The yen strengthened against the currencies of Europe, UK and Switzerland in early Asian deals on Thursday.
At 10:25 pm ET, the yen reached highs of 120.95 per euro and 82.71 against the franc, compared to Wednesday's North American close of 121.16 and 82.86, respectively. Currently, the yen is worth 121.04 against the euro and 82.77 against the franc. If the yen gains further, it may target 82.1 against the franc and 119.8 against the euro.
Against the British pound, the yen, that touched 133.57 at yesterday close, rose to the level of 133.29 at around 10:25 pm ET Thursday. GBP/JPY pair that is presently quoted around 133.37 may find support near 132.6 further.
The yen that fell to 88.64 against the US dollar in early Thursday Asian deals at 7:10 pm ET bounced back thereafter. At present, USD/JPY rally is trading near yesterday's New York session close of 88.45 with 88.34 seen as the next target level.
As for now, Japan's Nikkei 225 index is losing 0.25%, South Korea's Kospi is falling 0.35%, China's Shangai Composite index is declining 1.04% and Hong Kong's Hang Seng is 0.6% down.
The yen strengthened against the currencies of Europe, UK and Switzerland in early Asian deals on Thursday.
At 10:25 pm ET, the yen reached highs of 120.95 per euro and 82.71 against the franc, compared to Wednesday's North American close of 121.16 and 82.86, respectively. Currently, the yen is worth 121.04 against the euro and 82.77 against the franc. If the yen gains further, it may target 82.1 against the franc and 119.8 against the euro.
Against the British pound, the yen, that touched 133.57 at yesterday close, rose to the level of 133.29 at around 10:25 pm ET Thursday. GBP/JPY pair that is presently quoted around 133.37 may find support near 132.6 further.
The yen that fell to 88.64 against the US dollar in early Thursday Asian deals at 7:10 pm ET bounced back thereafter. At present, USD/JPY rally is trading near yesterday's New York session close of 88.45 with 88.34 seen as the next target level.
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