The majors moved in narrow ranges against the dollar during today's Asian session. The dollar index traded between the lowest 86.27 and the highest 86.41. The index now is trading around 86.32. The US will release today the CPI index for May expected to fall to 2.0% compared with the previous 2.2%, in addition to the weekly jobless claims, current account, Philadelphia index and the leading indicators expected to rise by 0.4% in May from the previous -0.1%.

The euro against the dollar traded during the Asian session between the highest of 1.2302 and the lowest at 1.2255. Now the pair is trading around the 1.2272 level, between 1.2250 and 1.2280. Europe will release today its construction output as well as the monthly report by the ECB. The hourly momentum indicators point that the pair might rebound from an oversold area. As for the four hours and daily indicators show the pair might rebound from an overbought area. Yet the daily indicators point to the possibility of a negative crossover in an overbought area. The pair today may trade around 1.2385 if it breaches the 1.2335 levels, and may trade around 1.2165 if it breaches the 1.2215 levels.

The pound against the dollar traded between the highest of 1.4717 and the lowest of 1.4682. Now the pair is trading around the 1.4677 levels between 1.4675 and 1.4770. UK will release today the CBI industrial trends as well as the retail sales for the month of May. The hourly momentum indicators point that the pair might rebound from an oversold area, but the four hours indicators show the pair might rebound from an overbought area, while the daily indicators show the possibility of a negative crossover in an overbought area. The pair today may trade around 1.4930 if it breaches the 1.4850 levels, and may trade around 1.4575 if it breaches the 1.4635 levels.

The dollar against the yen traded between the highest of 91.41 and the lowest of 91.17. Now the pair is trading around 91.28 levels between 90.80 and 91.45. BOJ released today its monthly report. BoJ will release later in the day its monetary policy meeting minutes. The hourly momentum indicators show the pair might rebound from an oversold area, while the four hours and daily indicators show the pair might rebound from the an overbought area. The pair today may trade around 92.25 if it breaches the 91.80 levels, and may trade around 89.55 if it breaches the 90.00 levels.