Yen Falls Against Majors
August 28 2016 - 8:22PM
RTTF2
The Japanese weakened against the other major currencies in the
Asian session on Monday.
The yen fell to near 4-week lows of 114.48 against the euro and
134.16 against the pound, from Friday's closing quotes of 113.89
and 133.55, respectively.
Against the U.S. and the Canadian dollar, the yen dropped to
more than 2-week lows of 102.21 and 78.61 from last week's closing
quotes of 101.76 and 78.22, respectively.
The yen slid to a 1-week low of 104.58 against the Swiss franc,
from Friday's closing value of 104.02.
Against the Australian and the New Zealand dollars, the yen
edged down to 77.15 and 73.93, from last week's closing quotes of
76.93 and 73.58, respectively.
If the yen extends its downtrend, it is likely to find support
around 119.00 against the euro, 140.00 against the pound, 107.00
against the greenback, 82.00 against the loonie, 107.00 against the
franc, 79.00 against the aussie and 76.00 against the kiwi.
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