The Japanese yen continues its upside movement against the US dollar, as the investors preferred to buy Japanese currency as safe heaven amid escalating European's debt crisis along with Greek government debt rose to a record.
The pair has dropped and ended yesterday's session at 82.46, after recorded the lowest level at 82.18. On the other hand, the daily momentum indicators show the pair in an oversold area, while four hours indicators give buying signs.
The Australian dollar declined for a second day versus the greenback on concern Europe's debt crisis is worsening. Moreover, the Aussie has declined for a fourth day against the yen as Asian stocks will decrease around the world, discouraging investors from buying the South Pacific nation's securities.
The AUD/USD pair dropped during yesterday's session, closed at 1.0489 after recorded a low of 1.0453.
The New Zealand dollar continues its downside movement against its U.S. counterpart, as the investors cut their bets, as the Reserve Bank of New Zealand won't increase the interest rates during the first half of the year, also there are signs indicate that economic recovery in New Zealand is struggling.
The New Zealand dollar dropped against all major currencies, while it recorded the lowest level at 0.7838 against the greenback during yesterday's session.