The USD/JPY trades in a narrow range

By @ibtimes on

(01.15 GMT)

USD/JPY

The Japanese currency ended Monday session with an incline against its major counterpart the US dollar, but the pair is trading in a narrow range between 84.55 and 83.70. The pair consolidated above 84.00 on Asian session, reaching 83.80 day low.

The pair ended Monday session at 84.34 recorded the highest at 84.47, while the daily momentum indicators show the pair in an overbought area, and the four hours indicators give buying signs.

AUD/USD

The Australian against the greenback ended Monday session with a drop, after the Reserve Bank of Australia indicated that the negative impact of a strong currency on higher commodity prices, thereby pushing the terms of trade to decline, while the pair will loss its gains in short term.

The pair closed Monday session at 1.0349, after recorded a new several high at 1.0415, also recorded the lowest level at 1.0334. On the other hand, the daily indicators show the pair is trading in an overbought area, while they give selling signs.

NZD/USD

The NZD/USD pair declined after prices advanced for commodities, which account for a majority of the nation's exports. The New Zealand dollar against the greenback closed yesterday's session at 0.7672, after recorded a high of 0.7706 and a low of 0.7685.

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