The Japanese currency has dropped against the shared currency to the lowest level 10 months along with the expectations that indicated European Central Bank will remove its stimulus and increase the interest rate. Furthermore, the yen also declined against the greenback and other majors, on speculation the G-7 will intervene again into the financial market to sell the yen in case of any increase for the Japanese currency.
The euro started today's session with a decline against the dollar, as the pair trades around 1.4077 after recording the highest at 1.4126 and the lowest at 1.4057. The pair faces a support at 1.4030. The daily momentum indicators show the pair in an oversold area.
The pound traded higher against the greenback, trading around 1.6021 after recording the highest at 1.6027 and the lowest at 1.5977. The pair faces a support at 1.5960. The daily momentum indicators show the pair in an oversold area.
The dollar/yen pair rose during the Asian session, as the pair trades around the 82.98 level, recording the highest at 83.03 and the lowest at 82.40. The pair faces a support at 83.30. The daily momentum indicators show the pair in an overbought area.