The Japanese currency and the greenback advanced after earlier losses against higher-yielding currencies on concerns in markets as stocks fell despite the upbeat German and U.S. confidence data. The dollar index, a measure of the dollar's movements versus a basket of major currencies, is currently at 75.20 compared with today's opening at 75.13.
As regards to the euro-dollar pair, it is showing a slight decline on the daily and 4-hour charts. The better-than-expected German data lifted the euro earlier but fears concerning banks outweighed the positive impact of the news. The pair is currently traded at 1.4956 recording a high of 1.4988 and a low of 1.4888, whereas the coming support is at 1.4920 and resistance at 1.5000.
As for the sterling-dollar pair, it is also declining on the daily and 4-hour charts. Today's data showed improvement but the pound was not impacted by the news. So far, the pound is trading at 1.6565 setting a high of 1.6617 and a low of 1.6496; while the coming support for the pair is seen at 1.6540 and the resistance is spotted at 1.6590.
With regard to the dollar-yen pair, it slipped on the daily charts, but showing incline on the 4-hour charts. Now, the pair is trading around 88.48 after hitting a high of 89.07 and a low of 88.33; while the pair is currently facing the coming support level at 88.32, while the resistance is spotted at 88.60.