Yen Slides Against Majors
26 June 2024 - 12:10PM
RTTF2
The Japanese yen weakened against other major currencies in the
Asian session on Wednesday.
The yen depreciated to a 17-year low of 202.88 against the
pound, from yesterday's closing value of 202.53.
The yen edged down to 171.35 against the euro, from Tuesday's
closing value of 171.08.
Moving away from an early 2-day high of 178.29 against the Swiss
franc, the yen slipped to 178.64.
Against the U.S. and the New Zealand dollars, the yen dropped to
2-day lows of 159.90 and 97.89 from early yesterday's closing
quotes of 159.69 and 97.71, respectively.
The yen slipped to nearly a 2-month low of 171.11 against the
Canadian dollar, from Tuesday's closing value of 116.91.
If the yen extends its downtrend, it is likely to find support
around 204.00 against the pound, 173.00 against the euro, 180.00
against the franc, 161.00 against the greenback, 99.00 against the
kiwi and 118.00 against the loonie.
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