The U.S. dollar has extended its gain against its counterpart the Japanese yen to hit the highest level in 6 months, after the FOMC minutes noted that the stronger recovery is strengthening and gaining traction.
The USD/JPY pair rose on Tuesday and ended the session at 84.96, recorded the highest at 85.22 and the lowest level at 84.15, while the momentum indicators show the pair in an overbought area.
The Aussie has started its correctional movement against the US dollar, as the Australian fundamental data that showed unexpectedly recorded a trade deficit along with the expectation that noted the Australian dollar has continued its upside movement for a 14 straight day, forced the Australian dollar to start its downside movement.
The pair closed Tuesday session at 1.0332 recorded a high of 1.0364 and a low of 1.0287. On the other hand, the daily indicators give selling signs, while the four hours momentum indicators show the pair in a natural trend.
The New Zealand dollar was lower against the U.S. dollar after minutes from the Federal Reserve's March meeting.
The NZD/USD pair declined during yesterday's trading session and ended the session at 0.7680, after recorded a high of 0.7722 and a low of 0.7667.