Yen falls against major currencies after the BOJ keeps its monetary policy steady

By @ibtimes on

The yen slipped against major currencies with the expectation that the Bank of Japan will fix the fiscal policy which reduced the demand for the Japanese currency and push it to retreat against the dollar, despite the dollar's decline against major currencies.

The euro started today's session with an increase against the dollar, as the pair trades around 1.4319 after recording the highest at 1.4330 and the lowest at 1.4293. The pair faces a resistance at 1.4380. The daily momentum indicators show the pair is heading to the upside.

The pound traded lower against the greenback, trading around 1.6217 after recording the highest at 1.6239 and the lowest at 1.6208. The pair faces a support at 1.6180. The daily momentum indicators show the pair is in an oversold area.

The dollar/yen pair increased during the Asian session, as the pair trades around the 81.72 level, recording the highest at 81.85 and the lowest at 81.60. The daily momentum indicators show the pair is in an overbought.

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