The Japanese currency dropped versus its all major counterparts, while it declined against the U.S. dollar during the first day trading this week, as the Bank of Japan will pump 12 trillion yen to help the financial market, advancing to the highest level in four months, before BoJ's today meeting amid the expectations that noted Japanese policy makers may sell the currency to help exporters.
The euro started today's session with a drop against the dollar, as the pair trading around 1.3926 after recording the highest at 1.3946 and the lowest at 1.3915. The pair faces a support at 1.3900s. The daily momentum indicators give buying signs, while four hours momentum indicators show the pair in an overbought area.
The pound also fell today against the dollar, trading around 1.6052 after recording the highest at 1.6074 and the lowest at 1.6049. The pair faces a support at 1.6020. The daily momentum indicators show the pair in an oversold area.
The dollar against the yen rose slightly during the Asian session, as the pair trades around the 82.08 level, recording the highest at 82.44 and the lowest at 81.28. The pair faces a resistance at 82.70. The daily momentum indicators show the pair in a natural trend, while the four hours momentum indicators give buying signs.