Yen Retreats Against Majors
December 17 2014 - 2:26AM
RTTF2
The yen retreated from its early highs against the other major
currencies ahead of European session on Wednesday.
The yen retreated to 146.35 against the euro, 184.35 against the
pound and 121.86 against the Swiss franc, from early highs of
145.49, 183.11 and 121.13, respectively.
Against the U.S. and Canadian dollars, the yen edged down to
117.28 and 100.69 from early highs of 116.28 and 99.93,
respectively.
If the yen extends its downtrend, it is likely to find support
around 148.40 against the euro, 187.50 against the pound, 123.93
against the franc, 119.50 against the greenback and 103.00 against
the loonie.
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