The green currency declined against the royal pound and the Japanese yen in today's Asian session ahead of the British consumer price index that is expected to show an accelerating inflation. The yen gained today despite fundamentals showed consumer confidence in Japan declined.
The USDIX that tracks the dollar's strength against the basket of currencies, declined slightly recording a low of 76.95 and a high of 77.05, and it is currently trading around 77.01.
The euro dollar pair is consolidating between 1.4425 levels and 1.4375 levels, recording a high of 1.4413 and a low of 1.4383, having the 16 nation's currency trading around 1.4400. Momentum indicators on the daily and the one hour charts are supporting the downside, so we may see the pair declining today. However, the pair is anticipated to be trading between 1.4335 levels and 1.4430 levels.
As for the pound dollar pair, it continued to rally recording a high of 1.6419 and a low of 1.6336, having the pair trading around 1.6410. The core CPI index is on queue today and it is anticipated to show an accelerating inflation which is supporting the pound to gain. The pair is trading in an overbought area according to momentum indicators on the four hour and daily charts, and today's support could be found at 1.6240 and the resistance could be found at 1.6475.
Finally, the dollar fell against the Japanese yen despite consumer confidence in Japan declined to 37.9 in December. The pair recorded a low of 90.33 and a high of 90.76, while the pair is trading around 90.50. Yet, momentum indicators on the four hour and daily charts are supporting the downside, and the pair is having a support at 90.40 along with a resistance of 91.85.