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2016.07.2006:30:00UTC+00Yen Extends Slide Against Majors

The Japanese yen continued to be lower against its major rivals in European trading on Wednesday.

The yen declined to near a 4-week low of 106.72 against the greenback, off its early high of 105.83.

The yen edged down to 140.78 against the pound, 80.02 against the aussie, 117.51 against the euro, 108.06 against the franc and 81.82 against the loonie, reversing from its previous 5-day highs of 138.34 and 79.27, 2-day highs of 116.54, 107.30 and 81.18, respectively.

The yen reached as low as against the 75.18 against the kiwi, compared to an early high of 74.32.

If the yen extends slide, it may locate support around 108.00 against the greenback, 142.00 against the pound, 109.00 against the franc, 119.00 against the euro, 81.00 against the aussie, 83.00 against the loonie and 76.00 against the kiwi.

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