The Japanese yen weakened across the board on Tuesday morning in New York.
At present, the yen is trading at 84.56 against the US dollar and 87.65 versus the Canadian dollar, down from previous lows of 84.05 and 86.91, respectively hit in the Asian session.
The yen also slipped back to 120.15 against the euro and 91.63 versus the Swiss franc around 10:45 am ET from previous session’s highs of 119.35 and 91.16, respectively.
The Japanese currency is currently quoted at 137.66 against the pound, the lowest level since August 2010, and a move below the immediate resistance level of 137.80 could set its weakest mark in nearly a year.
Extending its post G7 intervention losing streak, the yen touched 65.26 against the NZ dollar around 10:45 am ET, the lowest mark since November 22, 2010. If the yen drops more than 15 pips, it would set its lowest point in nearly 1-year.
The yen that tested yesterday’s highs against the Australian dollar in early trading pulled back to a low of 87.58 around 11:05 am ET. On the downside, the yen may breach past Monday’s low of 87.72 to set its lowest level in nearly a year.