News Column

Yen Extends Fall Against Majors

June 2, 2014

BRUSSELS (Alliance News) - The Japanese yen resumed its early slide against the other major currencies in early New York deals on Monday.

The yen hit 102.22 against the greenback, its lowest since May 14. The yen also hit a 5-day low of 171.32 against the pound, 6-day lows of 139.24 against the euro and 114.01 against the franc.

The yen is likely to target support around 103.2 against the greenback, 172.00 against the pound, 114.5 against the franc and 140.00 against the euro.

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Source: Alliance News

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