Japanese Yen advances in the first trading session of this week

By @ibtimes on

The Japanese currency rose against the greenback and other major currencies during today's Asian session, as the market's expectations indicated that the demonstrations in the Middle East to expand, pushing to increase the demand for safe haven assets like the Yen.

The euro dropped sharply against the greenback during the Asian session, trading around 1.3680, after recording the lowest at 1.3669 and the highest at 1.3711. The pair faces a support at 1.3655. The daily and four hours momentum indicators show the pair in an overbought area.

The pound also decline today against the U.S. dollar, trading around 1.6226 after recording the highest at 1.6250 and the lowest at 1.6225. The pair faces a support at 1.6210. The daily and four hours momentum indicators show the pair in an overbought area, while the four hours indicators give selling signs.

The dollar against the yen fell slightly as the pair trades around the 83.13 level, recording the highest at 83.15 and the lowest at 83.05. The pair faces a support at 83.00. The daily momentum indicators show the pair in an overbought area favoring selling the pair.

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