Yen Extends Slide Against Majors

06:25, 30th August 2016

(RTTNews) - The Japanese yen extended decline against its key counterparts in New York deals on Tuesday.

The yen weakened to near a 5-week low of 102.84 versus the greenback and near a 4-week low of 134.81 against the pound, from its early 4-day highs of 101.75 and 133.34, respectively.

The yen reached as low as 114.59 against euro and 104.66 against the franc, off its previous 4-day highs of 113.85 and 104.03, respectively.

Reversing from an early high of 77.08 against the aussie, the yen edged down to 77.38.

The yen declined to near 3-week lows of 74.31 against the kiwi and 78.73 against loonie, reversing from its early high of 73.84 and a 4-day high of 78.19, respectively.

On the downside, the yen is likely to find support around 104.00 against the greenback, 137.5 against the pound, 116.00 against the euro, 106.00 against the franc, 79.00 against the aussie, 75.00 against the kiwi and 80.00 against the loonie.