Extending previous session's downtrend, the Japanese yen declined further against most major currencies during New York afternoon deals on Monday. The yen dropped to fresh multi-month lows of 68.14 against the Australian dollar, 55.49 versus the NZ dollar and 86.35 against the Swiss franc in New York afternoon deals today, which may be compared to Friday's closing values of 65.70, 53.48 and 84.92, respectively. Against the US dollar, the yen slipped further in New York mid-day trading and touched a 5-day low of 97.36 at about 12:00 pm ET. The pair that closed last week's New York session at 95.78 is now worth 96.77.
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