The Japanese yen weakened against most major currencies in the Asian session on Wednesday.
The yen fell to nearly a 3-month low of 129.75 against the Swiss franc, a 1-week low of 95.61 against the Australian dollar and a 5-day low of 134.78 against the euro, from yesterday’s closing quotes of 129.31, 95.17 and 134.00, respectively.
Against the pound and the Canadian dollar, the yen dropped to 182.42 and 99.69, from yesterday’s closing quotes of 181.91 and 99.29, respectively.
If the yen extends its downtrend, it is likely to find support around 135.50 against the Swiss franc, 97.05 against the aussie, 135.50 against the euro, 184.65 against the pound and 100.50 against the loonie.
The material has been provided by InstaForex Company – www.instaforex.com