The US dollar advanced against the Japanese yen and other major counterparts in the second trading day during the New Year before a report that will show the US factories order dropped, amid signs are indicating that the US economy on the track of recovery as the improvement in manufacturing data.
The euro rose against the dollar during the Asian session, trading around 1.3352, recording the highest at 1.3376 and the lowest at 1.3327. The euro faces a resistance at 1.3390. The daily and four hours momentum indicators show the pair in an overbought area, supporting the pair's downside movement.
The pound declined against the dollar during today's session, while the pair trades around 1.5480, recording the lowest at 1.5472 and the highest at 1.5506, where the pound faces a support at 1.5395, the daily momentum indiactors show the pair in natural trend, while the four hours give buying sings.
The dollar/yen pair rose during trading session, and now the pair trades around 82.07 levels, recording the highest at 82.14 and the lowest at 81.60. The daily momentum indicators show the pair in an oversold area and give buying signs, while and four hours momentum indicators show the pair in an oversold area.