Yen Falls Against Majors
19 January 2017 - 10:01AM
RTTF2
The Japanese yen weakened against the other major currencies in
the Asian session on Thursday.
The yen fell to a 1-week low of 140.89 against the pound, from
yesterday's closing value of 140.49.
Against the euro and the Swiss franc, the yen dropped to 6-day
lows of 122.05 and 113.97 from yesterday's closing quotes of 121.84
and 113.75, respectively.
Against the U.S., the Australian and the New Zealand dollars,
the yen slid to 6-day lows of 114.89, 86.26 and 81.89 from
yesterday's closing quotes of 114.66, 86.02 and 81.62,
respectively.
The yen dropped to 86.62 against the Canadian dollar, from
yesterday's closing value of 86.38.
If the yen extends its downtrend, it is likely to find support
around 144.00 against the pound, 123.00 against the euro, 115.00
against the franc, 117.00 against the greenback, 87.00 against the
aussie, 83.00 against the kiwi and 88.00 against the loonie.
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