Yen Retreats Against Majors
April 16 2017 - 11:16PM
RTTF2
The Japanese yen retreated from recent highs against the other
major currencies in the pre-European session on Monday.
The yen fell to 115.18 against the euro, from more than a
5-month high of 114.85.
Against the pound and the Swiss franc, the yen dropped to 135.96
and 107.93 from 5-month highs of 135.59 and 107.68,
respectively.
The yen slipped to 82.28 against the Australian dollar, from an
early 4-day high of 81.99.
Against the U.S. and the Canadian dollars, the yen edged down to
108.44 and 81.51 from 5-month highs of 108.13 and 81.26,
respectively.
If the yen extends its downtrend, it is likely to find support
around 118.00 against the yen, 141.00 against the pound, 111.00
against the franc, 85.00 against the aussie, 113.00 against the
greenback and 84.00 against the loonie.
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