Japanese yen fell against the dollar and other major currencies after the Bank of Japan intervened to sell yen in the FX markets, after the yen's rise to critical levels against the dollar to hurt exports and the recovery of Japan's economy.
The euro decreased against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.4275 after recording the highest of 1.4367 and the lowest of 1.4268. On the short term the currency faces a support at 1.4185 while the momentum indicators show the pair is in an overbought area.
The pound retreated against the U.S. dollar during today's Asian session touching the highest of 1.6437, then it weakened further recording the lowest of 1.6350, and as of this writing it is trading at 1.6354. On the short term the currency faces a support at 1.6280 which could support the downside movement for the pair, with the momentum indicators show the pair is in an overbought area.
The dollar/yen pair increased today sharply where it reached to its highest at 79.39 level, the pair now is trading at 79.38 recording the lowest of 76.99. Momentum indicators show the pair in an oversold area.