Yen Falls Against Majors
21 August 2024 - 9:28AM
RTTF2
The Japanese yen weakened against other major currencies in the
European session on Wednesday.
The yen fell to 146.24 against the U.S. dollar, from an early
2-week high of 144.94.
Against the euro, the pound and the Swiss franc, the yen slipped
to 162.66, 190.71 and 170.93 from early highs of 161.36, 188.98 and
170.04, respectively.
Against Australia, the New Zealand and the Canadian dollars, the
yen edged down to 98.58, 89.81 and 107.52 from early highs of
97.86, 89.32 and 106.41, respectively.
If the yen extends its downtrend, it is likely to find support
around 148.00 against the greenback, 170.00 against the euro,
200.00 against the pound, 172.00 against the franc, 105.00 against
the aussie, 94.00 against the kiwi and 112.00 against the
loonie.
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