Yen Slides Against Majors
June 24 2024 - 1:24AM
RTTF2
The Japanese yen weakened against other major currencies in the
European session on Monday.
The yen slid to a 16-year low of 202.34 against the pound, from
an early high of 201.73.
Against the euro, the U.S. and the Canadian dollars, the yen
dropped to near 2-month lows of 171.24, 159.93 and 116.84 from
early highs of 170.60, 159.62 and 116.48, respectively.
The yen slipped to a 4-day low of 178.86 against the Swiss
franc, from an early high of 178.62.
If the yen extends its downtrend, it is likely to find support
around 205.00 against the pound, 173.00 against the euro, 161.00
against the greenback, 118.00 against the loonie and 180.00 against
the franc.
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