Yen Falls Against Majors
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
The yen fell to a 35-year low of 185.57 against the euro and a 1-1/2-year low of 159.45 against the U.S. dollar, from yesterday's closing quotes of 185.30 and 159.14, respectively.
Against the Swiss franc and the pound, the yen edged down to 198.90 and 214.11 from Tuesday's closing quotes of 198.70 and 213.61, respectively.
The yen edged down to 91.54 against the NZ dollar, from Tuesday's closing value of 91.33.
Against the Australia and the Canadian dollars, the yen dropped to 1-1/2-year lows of 106.72 and 114.76 from yesterday's closing quotes of 104.55 and 114.58, respectively.
If the yen extends its downtrend, it is likely to find support around 187.00 against the euro, 161.00 against the greenback, 199.00 against the franc, 216.00 against the pound, 93.00 against the kiwi, 107.00 against the aussie and 116.00 against the loonie.
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