The Japanese Yen went back to rise slightly during the Asian session against the dollar in a correctional 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 from Japan confirming the meltdown of the reactor core was avoided limitingradiation levels, improved sentiment within the market participants today.
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.