News Column

Yen Extends Decline Against Pound, NZ Dollar

June 18, 2014

LONDON (Alliance News) - The Japanese yen extended its descending trend against the pound and the New Zealand dollar in European morning deals on Wednesday.

The yen hit 173.64 against the against the pound, its lowest since December 30, and a 6-week low of 88.69 against the kiwi. At yesterday's close, the yen was trading at 173.20 against the pound and 88.38 against the kiwi. The next possible downside target for the yen lies around 174.8 against the pound and 89.9 against the kiwi.

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Source: Alliance News

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