The Japanese yen continued to trade in the negative territory against its key counterparts in early European deals on Monday.
The yen that closed Friday’s deals at 119.88 versus the greenback dropped to 120.15.
The yen slipped to a 1-week low of 183.13 against the pound, 10-day lows of 123.89 against the franc and 135.14 against the euro, compared to Friday’s closing quotes of 181.97, 123.29 and 134.32, respectively.
The yen fell to more than a 2-week low of 91.60 against the loonie, 5-week low of 78.11 against the kiwi and a 4-day low of 85.04 against the aussie, down from last week’s closing values of 91.12, 77.27 and 84.48, respectively.
The next possible support levels for the yen may be found around 121.00 against the greenback, 125.00 against the franc, 136.5 against the euro, 184.5 against the pound, 93.00 against the loonie, 80.00 against the kiwi and 86.00 against the aussie.
The material has been provided by InstaForex Company – www.instaforex.com