The dollar advanced against the yen ahead of the released of the awaited non-farm payrolls report which is expected to add 195,000 jobs in March while unemployment is predicted to steady at 8.9%.
The dollar may start a new path today if the data came optimistic as it will provide strong clues that the US labor market is strong. Earlier this week, ADP employment data showed that the private sector added 201,000 jobs in March while initial jobless claims dropped to 388,000 last week from the revised 394,000 a week earlier.
The dollar index, which tracks the dollar movements versus a basket of major currencies, inched up to trade at 76.13 compared with the day's opening level of 76.05.
With regard to the dollar-yen pair, it is showing incline for the eighth consecutive session to trade at 83.85, where the latest improvement in US data strengthened the dollar while on the other hand the Japanese earthquake crisis and G7 intervention to weaken the yen have put downside pressure on the yen.
The pair has recorded a high of 83.88 and a low of 83.10, while the trading range for this week is among the key support at 79.00 and the key resistance at 83.25.
Concerning the euro-dollar pair, it is little changed traded near the day's opening at 1.4156, where there is calmness in foreign exchange market ahead of the jobs report, where the drop in European manufacturing did not have significant impact on the euro.
So far, the pair has recorded a high of 1.4179 and a low of 1.4142, whereas the trading range for today is among the key support at 1.3970 and the key resistance at 1.4365.
Moving to the British pound versus the dollar, it showed a slight rise on the daily charts to trade at 1.6048, where 1.60 psychological level remains a key support. The fall in UK PMI manufacturing to 57.1 in March from the revised 60.9 in February did not remarkable effect on the pair's movement.
The day's high was recorded at 1.6080 and the low was depicted at 1.6007, where the trading range for today is among the key support at 1.5870 and the key resistance at 1.6275.