Yen Retreats Against Majors
01 April 2015 - 4:31PM
RTTF2
The Japanese yen retreated from early highs against the other
major currencies in the late Asian session on Wednesday.
The yen fell to an 8-day low of 178.42 against the pound and a
2-day low of 94.87 against the Canadian dollar, from early highs of
177.42 and 94.31, respectively.
Pulling away from near 2-week highs of 128.59 against the euro
and 89.21 against the NZ dollar, the yen slipped to 129.44 and
89.60, respectively.
The yen edged down to 120.01 against the U.S. dollar, from an
early 2-day high of 119.40.
Against the Swiss franc and the Australian dollar, the yen edged
down to 123.76 and 91.65 from early highs of 123.17 and 91.15,
respectively.
If the yen extends its downtrend, it is likely to find support
around 181.18 against the pound, 96.16 against the loonie, 132.01
against the euro, 92.05 against the kiwi, 121.78 against the
greenback, 128.00 against the franc and 94.00 against the
aussie.
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