News Column

Yen Drops Against Majors

May 11, 2014

CANBERA (Alliance News) - The Japanese yen fell against other major currencies in early Asian deals on Monday.

The yen slipped to a 6-day low of 102.06 against the greenback, 4-day lows of 95.49 against the aussie and 88.06 against the kiwi, compared to yesterday's closing quotes of 101.84, 95.36 and 87.74, respectively.

The yen weakened to 115.04 against the franc, 172.03 against the pound, 140.39 against the euro and 93.62 against the loonie.

The next possible downside target for the yen is seen around 103.00 against the greenback, 140.8 against the euro, 115.5 against the franc, 172.5 against the pound, 96.00 against the aussie, 94.00 against the loonie and 88.5 against the kiwi.

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Source: Alliance News