As for the first trading session of the week, the Yen is following last week's trend inclining against its major counterparts the US dollar and the European currency, as the Japanese companies bought governmental bonds before the fiscal year ends by the end of March. meanwhile trading on the European currencies was limited today.
The shared currency against the greenback started today's Asian session with a decline, as the pair trades around 1.3973, after recording a high of 1.3992, and a low of 1.3961. The pair faces a support at 1.3945. The daily and four hours momentum indicators show the pair in an overbought area, while the four hours indicators give selling signs, supporting the pair to decline during today's session.
The pound/dollar pair is started the first tradingday of theweek with a drop and it is continuing its decline, and now the pair trades around 1.6240 after recording the highest at 1.6263 and the lowest at 1.6238. The pair faces a support at 1.6225. The daily and four hours momentum indicators give selling signs, supporting the pair's downside movement.
The dollar/yen pair declined at the first four hours of the trading session, but now the pair trying to compensate its losses, and now the pair trades around the 82.22 level, recording a high of 82.37 and a low of 82.13. The pair faces a resistance at 82.40. The daily momentum indicators give buying signs, while the four hours indicators show the pair in an oversold area.