Majors continued to weaken against the dollar and the yen during today's Asian session amid continued fears that determined investors to look for lower yielding assets. The dollar index traded between the highest of 87.45 which represents the highest since the 16 of March 2009 and the lowest of 87.06. Now the index trades around the 87.09 level. The US will release today its EIA crude oil inventories, the CPI report and later in the day FOMC minutes.

The euro against the dollar traded during the Asian session between the highest of 1.2223 and the lowest at 1.2144 which represents the lowest since 16 of April 2006. Now the pair is trading around the 1.2214 level, between 1.2190 and 1.2235. The EU will release today the seasonally adjusted construction output report for the month of March. The hourly momentum indicators point that the pair might witness a negative crossover in an overbought area, while the four hours and daily indicators point that the pair might witness a positive crossover in an oversold area. The pair today may trade around 1.2400 if it breaches the 1.2310 levels, and may trade around 1.2090 if it breaches the 1.2160 levels.

The pound against the dollar traded between the highest of 1.4317 and the lowest of 1.4236. Now the pair is trading around the 1.4315 levels between 1.4250 and 1.4340. The UK will release today BoE minutes. The hourly momentum indicators point that the pair is within an overbought area, while the four hours and daily indicators point that the pair might witness a positive crossover in an oversold area. The pair today may trade around 1.4450 if it breaches the 1.4405 levels, and may trade around 1.4125 if it breaches the 1.4195 levels.

The dollar against the yen traded between the highest of 92.11 and the lowest of 91.54. Now the pair is trading around 92.02 levels between 91.80 and 92.30. Japan will release later today the GDP preliminary reading for the first quarter expected to show that the economy grew by6 1.4% from the previous 0.9%. The hourly and daily momentum indicators point that the pair is within an overbought area, while the daily and four hours indicators show the pair might witness a positive crossover in an oversold area. The pair today may trade around 93.30 if it breaches the 92.90 levels, and may trade around 91.10 if it breaches the 91.45 levels.