Yen Falls Against Majors
15 February 2017 - 2:06PM
RTTF2
The Japanese yen weakened against the other major currencies in
the pre-European session on Wednesday.
The yen fell to a 2-day low of 121.16 against the euro, from an
early high of 120.74.
Against the pound and the Swiss franc, the yen dropped to near
2-week lows of 142.77 and 113.75 from early highs of 142.28 and
113.40, respectively.
Against the U.S., the Australian, the New Zealand and the
Canadian dollars, the yen slipped to more than a 2-week low of
114.59, a 14-month low of 87.89, an 8-day low of 82.20 and nearly a
3-week low of 87.63 from early highs of 114.22, 87.49, 81.83 and
87.31, respectively.
If the yen extends its downtrend, it is likely to find support
around 123.00 against the euro, 146.00 against the pound, 116.00
against the franc, 118.00 against the greenback, 89.00 against the
aussie, 84.00 against the kiwi and 89.00 against the loonie.
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