The Japanese yen reversed its direction and fell back against other major currencies ahead of the European session on Wednesday.
The yen is trading at multi-month lows of 82.12 against the greenback, 82.29 against the loonie, 130.63 against the pound and 85.12 against the aussie, compared to early highs of 81.66, 81.83, 130.05 and 84.56, respectively.
Against the euro, the yen is worth 104.79, thus nearing its Asian session's multi-month low of 105.09.
The yen is now trading at 86.98 against the franc, not far from its multi-month low of 87.24 hit in Asian deals.
The yen fell back against the NZ dollar also, hitting 66.89, just 2 pips away from early new multi-month low of 66.91.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.