Yen Slides Against Majors
August 30 2016 - 12:02AM
RTTF2
The Japanese yen weakened against the other major currencies in
the early European session on Tuesday.
The yen fell to a 3-week low of 102.45 against the U.S. dollar,
from an early 4-day high of 101.75.
Against the pound and the euro, the yen dropped to 134.03 and
114.36 from an early 4-day highs of 133.34 and 113.85,
respectively.
Against the Swiss franc and the Canadian dollar, the yen slipped
to 104.56 and 78.53 from an early 4-day highs of 104.03 and 78.19,
respectively.
The yen edged down to 74.09 against the NZ dollar, from an early
high of 73.84.
If the yen extends its downtrend, it is likely to find support
around 106.00 against the greenback, 129.00 against the pound,
118.00 against the euro, 109.00 against the franc, 82.00 against
the loonie and 76.00 against the kiwi.
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