The Japanese Yen climbed towards in more than right-years against the euro, which is trading near of its highest level against the dollar since 15-yrs. On the other side, majors declined against the dollar during the Asian session, where the dollar rose to its highest level in six weeks, as fears over the strength of the global economy, which it is losing steam where demand on safe heaven assets.
The euro fell against the Yen and the dollar during the Asian session as a result of higher selling currencies. The pair recorded today a high of 1.2650 and a low of 1.2619, and now is trading around 1.2641. The pair is trading in an oversold area according to the four hours and daily momentum indicators, which might weaken its downside movement seen now. During its decline the euro will face a support at 1.2600.
The pound witnessed a significantly decline against the dollar during the Asian session, recording today a low of 1.5401 and a high of 1.5503, and now the pair trades around 1.5415. The daily momentum indicators show the pair is trading within and oversold area. The pound has broken the 1.5520 support, which might prevent the pair from extending its downside movement, In case the pair breaks the 1.5400 level, and then it will be on its way to decline to 1.5325 level.
Turing to the dollar/yen pair retreated recording a low of 84.84 and a high of 85.14, and now it trades around 84.93. The daily momentum indicators support the pair downside movement, which increases the pressuring on the pair to continue to reach 84.87 support.