Yen completed its decline during the Asian session

By @ibtimes on

The yen fell during the Asian session today against the dollar and other major currencies, while both the euro and the sterling pound increased after the European Central Bank raised interest rates yesterday as well as leaving the door open for more interest rate hikes.

The euro started today's session with a decline against the dollar, as the pair trades around 1.4390 after recording the highest at 1.4402 and the lowest at 1.4290. The pair faces a resistance at 1.4450. The daily momentum indicators show the pair in an overbought area.

The pound traded lower against the greenback, trading around 1.6286 after recording the highest at 1.6390 and the lowest at 1.6314. The pair faces a resistance at 1.6450. The daily momentum indicators show the pair in an overbought area.

The dollar/yen pair inclined during the Asian session, as the pair trades around the 85.25 level, recording the highest at 85.47 and the lowest at 85.09. The pair faces a support at 85.50. The daily momentum indicators show the pair in an overbought area.

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