Yen Falls Against Majors
January 16 2024 - 7:17PM
RTTF2
The Japanese yen weakened against other major currencies in the
Asian session on Wednesday.
The yen fell to more than a 1-1/2-month low of 160.38 against
the euro and a 6-day low of 171.09 against the Swiss franc, from
yesterday's closing quotes of 160.04 and 170.82, respectively.
Against the pound and the U.S. dollar, the yen dropped to near
1-1/2-month lows of 186.36 and 147.49 from yesterday's closing
quotes of 185.98 and 147.18, respectively.
The yen slipped to a 2-day low of 90.55 against the NZ dollar
and more than a 1-1/2-month low of 109.30 against the Canadian
dollar, from Tuesday's closing quotes of 90.34 and 109.03,
respectively.
If the yen extends its downtrend, it is likely to find support
around 164.00 against the euro, 173.00 against the franc, 188.00
against the pound, 150.00 against the greenback, 91.00 against the
kiwi and 110.00 against the loonie.
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