Japanese data supports the rise of the yen against the dollar

By @ibtimes on

The yen rose against the U.S. dollar supported by the data of unemployment rate in Japan, which came better than expected pushing the Japanese currency higher against the dollar, while the pair still witnessed limited trading due to the absence of new developments and updates regarding the Japanese crisis.

The euro started today's session with an incline against the dollar, as the pair trades around 1.4128 after recording the highest at 1.4131 and the lowest at 1.4061. The pair faces a support at 1.4000. The daily and four hours momentum indicators show the pair in an overbought area.

The pound traded higher against the greenback, trading around 1.6037 after recording the highest at 1.6040 and the lowest at 1.5973. The pair faces a support at 1.5960. The daily and four hours momentum indicators show the pair in an overbought area.

The dollar/yen pair rose during the Asian session, as the pair trades around the 81.63 level, recording the highest at 81.74 and the lowest at 81.53. The pair faces a support at 81.30. The daily momentum indicators show the pair in an overbought area.

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