The dollar trades around its lowest in 6 weeks against the yen, after the US data disappointed investors and renewed fears about the recovery of the largest economy in the world. Meanwhile the yen is falling against the other majors after the European central bank admitted not being able to know the total volume of liquidity obtained from buying bonds.
The euro rose slightly against the dollar during the Asian session trading around 1.3126, recording the highest at 1.3132 and the lowest at 1.3083. The euro faces a resistance at 1.3180, which might stop the pair's incline. Yet the daily and four hours momentum indicators show the pair might move slightly to the upside.
The pound rose slightly against the dollar during the Asian session trading around 1.5403, recording the highest at 1.5405 and the lowest at 1.5350. The pound faces a resistance at 1.5480. The daily momentum indicators show the pair in an oversold area.
The dollar/yen pair fell today to the 82.29 levels, recording the highest at 82.63 and the lowest at 82.42, while the daily and four hours momentum indicators give buying signs.