The Japanese yen retreated with the beginning of the week against the dollar during the Asian session after it reached its highest level since the post-war, but with the start of European session the pair dropped again reversing its losses during the Asian session, where the market expected another intervention from the BOJ in the FX market.
The euro advanced against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.4374 after recording the highest of 1.4391 and the lowest of 1.4346. On the short term the currency faces a resistance at 1.4430 while the momentum indicators show the pair is heading to the upside.
The pound soared against the U.S. dollar during today's Asian session touching the highest of 1.6508, after it recorded the lowest of 1.6469, and as of this writing it is trading at 1.6493. On the short term the currency faces a resistance at 1.6530 which could support the downside movement for the pair, as the momentum indicators show the pair is in an overbought area.
The dollar/yen pair dropped today where it reached to its lowest at 76.54 level, the pair now is trading at 76.69 recording the highest of 77.20. Momentum indicators show the pair is heading to the upside.