Amid the signs that confirm global economic recovery on the track and gathering its momentum, increasing the investors' demand for safe assets, and pushing the Asian currencies to decline such as the Japanese yen which fell against its all major counterparts.
As for today's Asian session, the common currency dropped against the greenback, where the pair trades around 1.3805, after recording a high of 1.3829, and a low of 1.3799. The pair faces a support at 1.3770. The daily and four hours momentum indicators show the pair in overbought areas, while the four hours indicators give selling signs.
The pound declined against the dollar during today's Asian session, and now the pair trades around 1.6259 after recording the highest at 1.6297 and the lowest at 1.6251. The pair faces a support at 1.6230. The daily momentum indicators show the pair in an overbought area, while they give selling signs, and the four hours indicators show the pair in a natural trend.
The dollar against the yen rose sharply during the Asian session, and now the pair trades around the 82.15 level, recording a high of 82.18 and a low of 81.83. The pair faces a resistance at 82.35. The daily momentum indicators show the pair in an oversold area which may favor the pair's incline, while the four hours momentum indicators show the pair in an overbought area.