Today, the Japanese currency witnessed a decline against majors during the Asian session, following expectations indicating that the Japanese policy makers may refuse to interfere to stop the rise of the Yen's value. A higher Yen has a negative effect on the nation's exports, which is the main pillar of growth in Japan. On the other hand, majors inclined again as a correctional move after a big decline yesterday.

The Euro gained momentum against the dollar and the yen during the Asian session, recording the highest of 1.2908 and the lowest 1.2845. Now the pair is trading around 1.2910. The daily momentum indicators show that the pair is trading in an oversold area, as the support level at 1.2840 might force the euro to rebound to the upside.

The pound gained momentum against the dollar and the yen during the Asian session, recording the highest at 1.5712 and the lowest at 1.5634. Now the pair is trading at 1.5708. The daily momentum indicators show that the pair is trading in an oversold area, as the support level at 1.5625 might force the pound to rebound to the upside.

The dollar against the yen traded to the upside during the Asian session, recording the highest of 85.46 and the lowest of 84.92, and now it trades around 85.41. The daily and four hours momentum indicators support the upside movement, which increases pressure on the pair to escape the limited range in which it moved lately.