The greenback dropped today against its counterpart the Japanese Yen, after the Federal Reserve noted that the Bank will buy another round of asset purchases, while the Yen soared versus the major currencies, amid concern increasing oil prices will hurt the global economic recovery.
The euro/dollar pair declined slightly during the Asian session, as the pair trades around 1.3856, after recording a high of 1.3866, and a low of 1.3845. The pair faces a support at 1.3825. The daily and four hours momentum indicators show the pair in an overbought area, supporting the pair to decline during today's session.
The pound/dollar pair started today's trading session with an incline, and now the pair declined, trades around 1.6315 after recording the highest at 1.6331 and the lowest at 1.6103. The pair faces a support at 1.6285. The daily and four hours momentum indicators show the pair near an overbought area.
The dollar/yen pair traded in a narrow range during the Asian session, and now the pair trades around the 81.84 level, recording a high of 81.88 and a low of 81.76. The pair faces a resistance at 82.00. The daily momentum indicators show the pair in an oversold area, while the four hours indicators show the pair in a natural trend, which may favor the pair's incline.