Yen falls before the meeting of the Bank of Japan

By @ibtimes on

Japanese yen fell against the dollar and other major currencies and that before the meeting of the Bank of Japan scheduled for this week, along with the expectations that the European Central Bank and U.S. Federal are going to raise interest rates, which increase the downside pressure on the Japanese currency.

The euro started today's session with an incline against the dollar, as the pair trades around 1.4199 after recording the highest at 1.4216 and the lowest at 1.4184. The pair faces a resistance at 1.4280. The daily momentum indicators show the pair in an overbought area.

The pound traded higher against the greenback, trading around 1.6115 after recording the highest at 1.6129 and the lowest at 1.6106. The pair faces a resistance at 1.6200. The daily momentum indicators show the pair in an overbought area.

The dollar/yen pair inclines during the Asian session, as the pair trades around the 84.34 level, recording the highest at 84.40 and the lowest at 84.17. The pair faces a resistance at 84.70. The daily momentum indicators show the pair in an overbought area.

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