Yen continues to decline against major currencies

By @ibtimes on

The yen Continued to decline against the dollar and other major currencies during the Asian session, as investors increased demand for risky assets after the rise in Asian stocks and commodity prices, which reduced the demand for safe haven currencies like the Japanese yen.

The euro started today's session with a decrease against the dollar, as the pair trades around 1.4397 after recording the highest at 1.4422 and the lowest at 1.4381. The pair faces a support at 1.4340. The daily momentum indicators show the pair is in an oversold area.

The pound traded lower against the greenback, trading around 1.6350 after recording the highest at 1.6382 and the lowest at 1.6341. The pair faces a support at 1.6310. The daily momentum indicators show the pair is in an oversold area.

The dollar/yen pair decreased during the Asian session, as the pair trades around the 80.56 level, recording the highest at 80.99 and the lowest at 80.78. The daily momentum indicators show the pair is heading to the upside.

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