The Japanese yen pair starts Wednesday's session with an incline against it' all major currencies the greenback and other currencies, while it traded in a narrow range with the week's beginning. However, the forecasts indicated that the pair will decline on concern of escalation of Japan's nuclear damage.
The pair ended Tuesday's session at 81.03, recorded the lowest at 80.86, while the pair is continuing its downside movement.
The Australian dollar versus the US dollar pair declined to Tuesday's closing, as the pair was trading in an overbought area which according to momentum indicators. The pair is traded through technical movement which is prevailing in the markets due to the Australian economy didn't release any fundamental data this week. The pair started down during Wednesday's session to reduce its last week's earnings.
The pair closed Tuesday's session at 1.0086, recorded a high of 1.0126, while it started today's session with a decline.
The pair also dropped during Tuesday's session, after the New Zealand economy current account deficit widened during the fourth quarter, pushed the pair to loss its momentum.
The New Zealand dollar against the greenback closed Tuesday's trading session at 0.7391, after recorded the highest level at 0.7445, while it is started today' session with a decline.