The Japanese Yen back to rise slightly during the Asian session against the dollar in a correction move, after the rally that the pair witnessed during the end of last week when the G-7 intervened to sell the yen against the dollar in the Forex markets. Reports issued by Japan on the confined rates of radiation as well as fears of a meltdown reactor core after the failure of cooling of the reactors, raising fears of traders and push them to be unsure on what directions to take.
The euro moved within ranges today against the dollar trading around 1.4227 after recording the highest at 1.4228 and the lowest at 1.4207. The pair faces a resistance at 1.4280. The daily and four hours momentum indicators show the pair in an overbought area, yet without signs of a decline.
The pound fell slightly today against the dollar trading around 1.6302 after recording the highest at 1.6314 and the lowest at 1.6891. The pair faces a support at 1.6240. The daily and four hours momentum indicators show the pair in an overbought area
The dollar/yen pair fell today trading around the 80.88 level, recording the highest at 81.21 and the lowest at 80.83. The pair faces a resistance at 81.30. The daily momentum indicators give signs of a possible incline.