The euro and the pound are consolidating in today's Asian session after yesterday's rally as investors are targeting the high yielding currencies. The U.S manufacturing data and the EU meeting spread optimism in markets yesterday, giving a chance for the high yielding assets to gain. The USDIX rose slightly recording a high of 79.71 and a low of 79.60, and it is currently trading around 79.65.
The euro dollar pair is consolidating between the 1.3800 levels and 1.3750 levels recording a high of 1.3781 and a low of 1.3755, having the union currency trading around 1.3780. Yesterday the pair breached the resistance level of 1.3775 and today it is having a resistance at 1.3800 along with a support at 1.3485, while momentum indicators on the daily charts are supporting the upside. The euro zone's trade balance is on queue today that may move the pair.
Regarding the pound dollar pair, it is fluctuating between a high of 1.5790 and a low of 1.5760, having the royal currency trading around 1.5780. Yesterday a report showed inflation in the U.K accelerated which supported the pound to climb, while today it is having a resistance at 1.5845 along with a support at 1.5625, and the pair is heading towards the overbought area according to the daily stochastic oscillator. The BOE minutes will be released today and it will affect the pair.
Finally, the dollar yen pair is trading between a high of 90.36 and a low of 90.17, and the pair is currently trading around 90.35. Today's support could be found at 88.75, while the resistance could be found at 91.10, and we may see the pair gaining today according to daily momentum indicators. The U.S FOMC minutes will be released today that will move the pair.