Markets are currentlywitnessing narrow trading after it was filled with optimism, especially as the central bank of
Since the euro is considered to be a higher yielding asset, we see that it surged in markets versus the dollar to reach the highest level posted since August 2008, but now the pair is trading in narrow ranges between the support of 1.4824 and the resistance of 1.5007 at 1.4966. The EUR/USD recorded a high of 1.4993 and a low of 1.4952, while the volumes indicator on the one-hour chart is showing us low volume in markets.
The pound depreciated against the federal currency, while the
The yen is seen climbing past the dollar after Japanese Finance Minster Hirohisa Fujii, once again, stated that he is reluctant to get involved in FOREX markets to avoid the yen's appreciation. The USD/JPY is being traded at 90.30 while recording a high of 90.78 and a low of 90.06, while there is a support of 90.10 and a resistance of 90.49.