The majors moved in narrow ranges with a downside bias during today's Asian session. The dollar index traded between the lowest 86.57 and the highest 86.76. The index now is trading around 86.67. The US will release today the import prices for may as well as the long-term TIC flows and the Empire Manufacturing for June expected to rise to 20.00 from 19.11.

The euro against the dollar traded during the Asian session between the highest of 1.2232 and the lowest at 1.2195. Now the pair is trading around the 1.2210 level, between 1.2150 and 1.2220. Europe will release today its trade balance and the employment index, while Germany will release its ZEW economic sentiment expected to fall to 42.0 in June from 45.8.The hourly momentum indicators point that the pair is within an oversold area, while the four hours indicators show the pair might rebound from an overbought area. As for the daily indicators it shows that the pair might witness a negative crossover within an overbought area. The pair today may trade around 1.2335 if it breaches the 1.2260 levels, and may trade around 1.2050 if it breaches the 1.2100 levels.

The pound against the dollar traded between the highest of 1.4766 and the lowest of 1.4728. Now the pair is trading around the 1.4742 levels between 1.4730 and 1.4770. UK will release today its CPI index for the month of May expected to fall to 2.9% from 3.1%, and the RPI index expected to fall to 0.3% from 1.0%. The hourly and four hours momentum indicators point that the pair might rebound from an overbought area, while the daily indicators show the pair remains within an overbought area. The pair today may trade around 1.4850 if it breaches the 1.4795 levels, and may trade around 1.4575 if it breaches the 1.4660 levels.

The dollar against the yen traded between the highest of 91.68 and the lowest of 91.39. Now the pair is trading around 91.55 levels between 91.45 and 91.80. Japan will release today its Tertiary industry index expected to rise to 2.5% in April from -3.0%. The hourly momentum indicators show the pair might rebound from an overbought area, while the four hours indicators show the pair is within an oversold area; however, the daily indicators show the pair might witness a negative crossover within an overbought area. The pair today may trade around 92.90 if it breaches the 92.65 levels, and may trade around 90.00 if it breaches the 90.60 levels.