Yen Falls Against Majors
December 21 2014 - 11:59PM
RTTF2
The Japanese yen weakened against the other major currencies in
the Asian session on Monday.
The yen edged down to 186.93 against the pound and 121.62
against the Swiss franc, from early highs of 186.49 and 186.49,
respectively. The yen closed Friday's deals at 186.64 against the
pound and 121.37 against the Swiss franc.
Pulling away from an early high of 146.27 against the euro, the
yen fell to 146.33.
Against the U.S. and Canadian dollars, the yen edged down to
119.54 and 103.03 from early highs of 119.30 and 102.76,
respectively. At last week's close, the yen was trading at 119.45
against the greenback and 102.91 against the loonie.
If the yen extends its downtrend, it is likely to find support
around 189.80 against the pound, 123.58 against the Swiss franc,
149.00 against the euro, 121.20 against the greenback and 104.95
against the loonie.
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