Yen Falls Against Majors
May 26 2016 - 7:59PM
RTTF2
The Japanese yen weakened against the other major currencies in
the Asian session on Friday.
The yen fell to 2-day lows of 123.08 against the euro, 111.18
against the Swiss franc and 74.26 against the NZ dollar, from
yesterday's closing quotes of 122.86, 110.92 and 73.97,
respectively.
The yen dropped to 161.42 against the pound, from an early 2-day
high of 160.71.
Against the U.S. and the Australian dollars, the yen edged down
to 110.00 and 79.49 from yesterday's closing quotes of 109.76 and
79.30, respectively.
If the yen extends its downtrend, it is likely to find support
around 126.00 against the euro, 113.00 against the franc, 76.00
against the kiwi, 163.00 against the pound, 113.00 against the
greenback and 82.00 against the aussie.
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