Yen Slides Against Majors

The Japanese yen weakened against the other major currencies in the Asian session on Tuesday.

The yen fell to 4-day lows of 192.24 against the pound and 82.06 against the NZ dollar, from yesterday's closing quotes of 191.63 and 81.38, respectively.

Against the euro, the U.S. dollar and the Swiss franc, the yen dropped to 136.85, 123.48 and 128.39 from yesterday's closing quotes of 136.60, 123.23 and 128.00, respectively.

Pulling away from an early near 3-week high of 89.33 against the Australian dollar and nearly a 4-month high of 94.36, the yen edged down to 90.18 and 94.85, respectively. At yesterday's close, the yen was trading at 89.58 against the aussie and 94.51 against the loonie.

If the yen extends its downtrend, it is likely to find support around 194.00 against the pound, 83.00 against the kiwi, 138.80 against the euro, 125.00 against the greenback, 130.50 against the franc, 92.50 against the aussie and 96.00 against the loonie.