The yen has been extending its recent slide against the European majors in early European deals on Wednesday. The yen is now trading at a 6-day low of 124.31 against the pound and 2-day lows of 100.01 against the euro and 83.28 against the franc.
If the yen weakens further, it may target 100.5 against the euro, 83.5 against the franc and 125.0 against the pound.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.