Yen Weakens Against Majors
December 05 2016 - 8:56PM
RTTF2
Reversing direction, the Japanese yen fell against its major
rivals in late Asian trading on Tuesday.
The yen edged down to 114.14 against the greenback, 122.65
against the euro, 145.51 against the pound and 113.24 against the
franc, from its early highs of 113.50, 122.12, 144.49 and 112.75,
respectively.
The yen reversed from its early highs of 85.53 versus the loonie
and 84.57 versus the aussie, ticking down to 85.93 and 85.00,
respectively.
If the yen falls further, it may find support around 116.00
against the greenback, 126.00 against the euro, 148.5 against the
pound, 116.00 against the franc, 88.00 against the loonie and 86.00
against the aussie.
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