News Column

Yen Declines Against Majors

August 3, 2014

OTTAWA (Alliance News) - Reversing direction, the Japanese yen fell against the other major currencies ahead of European deals on Monday.

The yen dropped to 137.88 against the euro, 113.33 against the franc and 172.86 against the pound, down from early highs of 137.61, 113.11 and 172.43, respectively.

The yen that gained to 102.47 against the greenback, 93.84 against the loonie and 87.14 against the kiwi in early deals eased to 102.72, 94.04 and 87.44, respectively.

If the yen declines further, it may face support around 103.5 against the greenback, 139.00 against the euro, 114.00 against the franc, 174.00 against the pound, 94.5 against the loonie and 88.00 against the kiwi.

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Source: Alliance News

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