News Column

Yen Slides Against Majors

August 14, 2014



CANBERA (Alliance News) - The Japanese yen slipped against the other major currencies in Asian deals on Friday.

The yen dropped to 102.55 against the greenback and 171.17 against the pound. Against the euro and the franc, the yen slipped to 137.06 and 113.12, from early highs of 136.83 and 112.95, respectively.

The yen hit 94.12 against the loonie, its weakest since August 1, while reaching a 10-day low of 95.63 against the aussie.

The yen is likely to face support around 103.00 against the greenback, 114.00 against the franc, 138.00 against the euro, 172.00 against the pound, 96.00 against the aussie and 94.5 against the loonie.



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Source: Alliance News


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