Japanese Yen Gains Ground Against Major Currencies Amid Market Moves

The Japanese yen gained strength against major global currencies during Monday's Asian trading session. It approached a two-week peak of 147.27 USD, improving from last Friday's close of 147.38. Against the euro, British pound, and Swiss franc, the yen appreciated to 170.52, 195.64, and 182.98 respectively, up from previous week’s closing rates of 170.74, 195.71, and 183.31. The yen also strengthened against the Australian, New Zealand, and Canadian dollars, reaching 95.29, 87.10, and 106.90, from last week’s figures of 95.46, 87.20, and 106.89. If the upward trend continues, resistance levels are anticipated around 145.00 USD, 166.00 EUR, 193.00 GBP, 181.00 CHF, 94.00 AUD, 86.00 NZD, and 105.00 CAD. For further insights and feedback, contact: [email protected]. In other business news, U.S. housing market data and jobless claims were prominent this week. In Europe, market attention was on the European Central Bank’s policy decision, with recent surveys shedding light on manufacturing and service sector trends in the eurozone. Meanwhile, China's central bank made headlines with its latest interest rate decision.