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Feb 26, 2024 - 21:07
By asia.nikkei.com

Yen seen sliding as far as 154 to dollar as charts show steady selling

TOKYO -- The yen looks poised to continue its recent depreciation against the dollar, as technical indicators point to steadier conditions than the overselling that came with its last few periods of weakness.

The Japanese currency was seen Friday in the low-150 range against the dollar, where it has spent at least some time every trading day since Feb. 13. This marks a third straight year in which the yen has crossed the 150 threshold, following October 2022 and October-to-November 2023.