Yen Drops To Multi-day Lows Against Majors

Yen Drops To Multi-day Lows Against Majors




The Japanese yen fell across the board on Friday morning in Asia. The yen is presently trading at a 1-week low of 84.84 against the Australian dollar and 67.52 against the NZ dollar with 85.30 and 68.0, respectively seen as the next likely support levels.
The Japanese currency also slipped to a 3-day low of 81.21 against the US dollar, 81.69 against the Canadian dollar, 89.16 against the Swiss franc, 129.61 against the pound and 107.12 against the euro in early Asian trading on Friday.
If the yen weakens further, likely support levels are seen at 81.50 against the greenback, 103.15 against the pound, 107.50 against the euro, 89.40 against the Swiss franc and 82.20 against the loonie.



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