Yen Falls Against Majors
May 03 2016 - 7:42PM
RTTF2
The Japanese yen weakened against the other major currencies in
the Asian session on Wednesday.
The yen fell to 6-day lows of 123.50 against the euro and 112.55
against the Swiss franc, from yesterday's closing quotes of 122.53
and 111.66, respectively.
Against the U.S. dollar, the yen dropped to a 5-day low of
107.44 from yesterday's closing value of 106.55.
The yen slipped to 156.15 against the pound, from yesterday's
closing value of 154.89.
Against the Australian, the New Zealand and the Canadian
dollars, the yen edged down to 80.39, 74.31 and 84.43 from
yesterday's closing quotes of 79.74, 73.66 and 83.75,
respectively.
If the yen extends its uptrend, it is likely to find resistance
around 127.00 against the euro, 115.50 the franc, 112.00 against
the greenback, 164.00 against the pound, 83.00 against the aussie,
76.00 against the kiwi and 87.00 against the loonie.
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