The American dollar is continuing to rise against its major counterpart the Japanese yen, which is trading near the highest level in two weeks, after the U.S. employment rates unexpectedly inclined during the month of December more than the preceding month, adding the world's largest economy on the track of recovery.
On the other hand, the dollar rose during today's session versus its major currencies before a report that may show the U.S. payrolls jumped for a third straight month.
The euro/dollar dropped during the Asian session, and now the pair trades around 1.3144, recording a low of 1.3129 and a high of 1.3169, while the euro faces a support 1.3110. On the other hand, the daily momentum indicators give selling signs, while the four hours show the pair in an oversold area, supporting the pair's downside movement.
The pound declined against the dollar during today's session, while the pair trades around 1.5509, recording the lowest at 1.5489 and the highest at 1.5527, where the pound faces a support at 1.5480. The daily momentum indicators show the pair in natural trend, while the four hours show the pair in an oversold area.
The dollar/yen pair rose during today's trading session, and now the pair trades around 83.24 level, recording the highest at 83.38 and the lowest at 83.16. The daily and four hours momentum indicators show the pair in an oversold area.