Yen Weakens Against Most Majors




The Japanese yen declined against most major currencies in Asian deals on Wednesday. The yen slipped to 102.19 against the greenback, a level not seen since April 8. The yen hit 5-day lows of 141.15 against the euro, 116.05 against the franc and 93.04 against the loonie, compared to Tuesday's closing values of 140.79, 115.80 and 92.83, respectively. The next possible downside target for the yen lies around 103.00 against the greenback, 142.00 against the euro, 117.00 against the franc and 94.00 against the loonie.

News are provided by InstaForex.