The yen started this week with limited movements as Japan is absent from the markets due to a national holiday. The yen is trading near Friday's closing level. The yen surpassed the 81.00 level after the G7 interfered in the Forex markets by selling the Japanese currency against the dollar, since the yen reached its highest since world war II, yet the pair managed to close below that level.
The euro moved within ranges today against the dollar trading around 1.4169 after recording the highest at 1.4180 and the lowest at 1.4158. The pair faces a resistance at 1.4200. The daily and four hours momentum indicators show the pair in an overbought area, yet without signs of a decline.
The pound fell today against the dollar trading around 1.6210 after recording the highest at 1.6227 and the lowest at 1.6202. The pair faces a support at 1.6160. The daily and four hours momentum indicators show the pair in an overbought area
The dollar/yen pair fell today trading around the 80.95 level, recording the highest at 81.02 and the lowest at 80.80. The pair faces a resistance at 81.30. The daily momentum indicators give signs of a possible incline.