The yen fell against the dollar and major currencies, on expectations that Bank of Japan is on the way to maintain the stimulus package, while central banks around the world started to tight their monetary policy.
The euro started today's session with a decline against the dollar, as the pair trades around 1.4574 after recording the highest at 1.4605 and the lowest at 1.4524. The pair faces a support at 1.4520. The daily momentum indicators show the pair is trading at overbought.
The pound traded lower against the greenback, trading around 1.6505 after recording the highest at 1.6545 and the lowest at 1.6489. The pair faces a support at 1.6480. 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 82.17 level, recording the highest at 82.41 and the lowest at 81.99. The daily momentum indicators show the pair is in an oversold area.