TOKYO: The Japanese yen weakened against the other major currencies in the Asian session on Monday.
The yen fell to 4-day lows of 132.71 against the euro, 185.99 against the pound and 80.81 against the NZ dollar, from Friday’s closing quotes of 132.21, 185.27 and 80.28, respectively.
Against the US dollar, the Swiss franc and the Canadian dollar, the yen dropped to nearly a 3-month low of 123.48, nearly a 2-week low of 122.81 and a 5-day low of 92.89 from last week’s closing quotes of 123.12, 122.31 and 92.53, respectively.
The yen edged down to 87.02 against the Australian dollar, from Friday’s closing value of 86.68.
If the yen extends its downtrend, it is likely to find support around 134.00 against the euro, 188.00 against the pound, 82.00 against the kiwi, 125.00 against the greenback, 124.00 against the franc, 94.00 against the loonie and 88.00 against the aussie.
