Yen Slides Against Majors
April 08 2024 - 11:32PM
RTTF2
The Japanese yen weakened against other major currencies in the
Asian session on Tuesday.
The yen fell to near 3-week lows of 164.99 against the euro and
192.35 against the pound, from yesterday's closing quotes of 164.81
and 192.07, respectively.
Against the U.S. dollar and the Swiss franc, the yen edged down
to 151.95 and 168.00 from Monday's closing quotes of 151.79 and
167.62, respectively.
The yen dropped to a 5-day low of 111.94 against the Canadian
dollar, from Monday's closing value of 111.84.
If the yen extends its downtrend, it is likely to find support
around 166.00 against the euro, 194.00 against the pound, 153.00
against the greenback, 170.00 against the franc and 113.00 against
the loonie.
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