Yen Falls Against Majors
27 September 2024 - 4:03AM
RTTF2
The Japanese yen weakened against other major currencies in the
Asian session on Friday.
The yen fell to nearly a 1-1/2-month low of 163.50 against the
euro and nearly a 2-month low of 195.96 against the pound, from
yesterday's closing quotes of 161.83 and 202.00, respectively.
Against the U.S. dollar and the Swiss franc, the yen slipped to
more than 3-week lows of 146.49 and 172.53 from Thursday's closing
quotes of 144.80 and 171.10, respectively.
Against Australia, the New Zealand and the Canadian dollars, the
yen dropped to nearly a 2-month low of 100.72, more than a 2-month
low of 92.29 and more than a 3-week low of 108.56 from yesterday's
closing quotes of 99.84, 91.61 and 107.54, respectively.
If the yen extends its downtrend, it is likely to find support
around 170.00 against the euro, 202.00 against the pound, 151.00
against the greenback, 176.00 against the franc, 106.00 against the
aussie, 96.00 against the kiwi and 112.00 against the loonie.
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