Japanese Yen Retreats From Early Highs Against Majors
October 26 2016 - 4:36AM
RTTF2
The Japanese yen came off from its early highs against its key
counterparts in European trading on Wednesday.
The yen fell to 127.50 against the pound and 104.37 against the
greenback, from its early high of 126.63 and a 2-day high of
104.02, respectively.
The yen declined to 6-day lows of 105.20 against the Swiss franc
and 114.01 against the euro, off its previous highs of 104.62 and
113.27, respectively.
The yen reversed from an early high of 74.48 against the kiwi
and a 2-day high of 77.85 against the loonie, easing to 74.75 and
78.12, respectively.
The yen fell back to 80.12 against the aussie, edging closer to
pierce its early 3-month low of 80.31. This may be compared to high
of 79.38 hit at 8:15 pm ET.
If the yen slides further, it may locate support around 106.00
against the greenback, 116.00 against the euro, 134.5 against the
pound, 107.00 against the Swiss franc, 82.00 against the aussie,
80.00 against the loonie and 76.00 against the kiwi.
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