The dollar tries to incline, while the yen drops against the euro

By @ibtimes on

The Japanese yen has declined today versus its major counterparts the greenback and other major currencies, as investors prefer to buy high yield assets like the U.S. dollar, due to the expectations indicated that jobless claims fell along with consumer confidence improved. On the other hand, the anticipations said that Euro-zone's industrial sector advanced, pushing shared currency to incline against the yen.

The euro against the dollar pair declined with the beginning of today's Asian session, where the pair now trades around the 1.3706 level, after recording a high of 1.3727 and a low of 1.3705. The pair faces a support at 1.3670. The daily momentum indicators give buying signs, while four hours momentum indicators show the pair in an overbought area.

The pound dropped slightly against the dollar during today's Asian session, where the pair now trades around the 1.6095 level, after recording the highest at 1.6109 and the lowest at 1.6083. The pair faces a support at 1.6040. The daily momentum indicators show the pair in an oversold area, while four hours momentum indicators show the pair near of the overbought area.

The dollar/yen pair rose today, where it trades around the 82.50 level, recording a high of 82.58 and a low of 82.37. On the other hand, the pair faces a resistance at 82.70, while the daily and four hours momentum indicators show the pair in an overbought area.

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