The majors moved in narrow ranges with an upside bias against the dollar during today's Asian session. The dollar index traded between the lowest 85.52 and the highest 85.53. The index now is trading around 85.56. The US will lack the fundamentals today however Germany will release today the PPI for May while Britain will release the M4 money supply and its public sector finances and borrowing.

The euro against the dollar traded during the Asian session between the highest of 1.2410 and the lowest at 1.2375. Now the pair is trading around the 1.2409 level, between 1.2385 and 1.2430. The hourly, four hours and daily momentum indicators point that the pair is within an overbought area. The pair today may trade around 1.2500 if it breaches the 1.2470 levels, and may trade around 1.2250 if it breaches the 1.2325 levels.

The pound against the dollar traded between the highest of 1.4843 and the lowest of 1.4804. Now the pair is trading around the 1.4838 levels between 1.4770 and 1.4850. The hourly, four hours and daily momentum indicators point that the pair is within an overbought area The pair today may trade around 1.4960 if it breaches the 1.4930 levels, and may trade around 1.4675 if it breaches the 1.4730 levels.

The dollar against the yen traded between the highest of 90.94 and the lowest of 90.78. Now the pair is trading around 90.87 levels between 90.80 and 91.45. The hourly and four hours momentum indicators show the pair might rebound from an oversold area, while the 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.