Japanese Yen extend losses against major rivals helped by growing concerns over Japan's macroeconomic outlook, and a rise in risk appetite. Also the technical break of key fundamental levels triggered the bearish momentum of the currency. Against dollar the key 94.63 level, neck of the double bottom figure gave off early in the American session. Reaching against Gbp pass the 140.10 level and against Euro above 124.40, the pairs are due for a correction before continuing actual trend.
Euro recovered ground to session highs during the American session, mounted on a recovery of U.S. stocks that bounced back for a 12-year low. Quoting against dollar around 1.2870, upside rally could extend to the 1.2900 zone and above 1.2945.