Yen Falls Against Majors
02 September 2024 - 10:47AM
RTTF2
The Japanese yen weakened against other major currencies in the
Asian session on Monday.
The yen fell to a 6-day low of 161.84 against the euro, a
1-month low of 192.37 against the pound and a 4-day low of 172.24
against the Swiss franc, from last week's closing quotes of 161.50,
191.89 and 171.97, respectively.
Against the Australia and the New Zealand dollars, the yen
slipped to 1-month lows of 99.19 and 91.52 from last week's closing
quotes of 98.89 and 91.37, respectively.
Against the U.S. and the Canadian dollars, the yen slipped to
nearly a 2-week low of 146.55 and more than a 2-week low of 108.62
from Friday's closing quotes of 146.16 and 108.33,
respectively.
If the yen extends its downtrend, it is likely to find support
around 165.00 against the euro, 197.00 against the pound, 175.00
against the franc, 102.00 against the aussie, 93.00 against the
kiwi, 151.00 against the greenback and 111.00 against the
loonie.
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