Japanese yen fell against the dollar and other major currencies with the beginning of the week, as investors still attractive to buy high yielding currencies after the Fed disappointed the markets during its previous meeting and did not give any hint that they will increase interest rates.
The euro started today's session with a decline against the dollar, as the pair trades around 1.4775 after recording the highest at 1.4862 and the lowest at 1.4762. The pair faces a support at 1.4720. The daily momentum indicators show the pair is trading at overbought.
The pound traded lower against the greenback, trading around 1.6666 after recording the highest at 1.6736 and the lowest at 1.6641. The pair faces a support at 1.6600. The daily momentum indicators show the pair is in an overbought area.
The dollar/yen pair increased during the Asian session, as the pair trades around the 81.52 level, recording the highest at 81.67 and the lowest at 80.98. The daily momentum indicators show the pair is in an oversold area.