Yen Extends Fall Against Majors
09 December 2016 - 6:56PM
RTTF2
The Japanese yen continued to be lower against its major rivals
in the European session on Friday.
The yen weakened to more than a 10-month low of 115.16 against
the greenback and a 3-day low of 145.10 against the pound, from
yesterday's closing values of 114.03 and 143.49, respectively.
The yen dropped to 121.69 against the euro and 113.05 against
the Swiss franc, compared to Thursday's closing quotes of 121.02
and 112.19, respectively.
The yen declined to a 1-year low of 82.52 against the kiwi,
7-1/2-month lows of 86.09 against the aussie and 87.36 against the
loonie, down from Thursday's closing values of 81.79, 85.09 and
86.44, respectively.
If the yen extends slide, it may possibly find support around
118.00 against the greenback, 148.5 against the pound, 126.00
against the euro, 116.00 against the franc, 84.00 against the kiwi,
88.00 against the aussie and 89.00 against the loonie.
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