The Japanese yen fell to the lowest level in two years against its major currency the greenback, after the G-7 announced its intervention in the Forex market for the first time in more than a decade. Further, the yen also declined versus the euro, the pound and other majors, where the G-7 countries will sell the yen against the dollar with the beginning trading session for each country.
The euro started the session with an incline against the dollar, trading around 1.4070, after recording the highest at 1.4085 and the lowest at 1.3979. The pair faces a support at 1.4100. The daily and four hours momentum indicators show the pair in an overbought area, while they give selling signs.
The pound rose today against the dollar during the Asian session, and now tha pair trades around 1.6157, after recording the highest at 1.6189 and the lowest at 1.6097. The pair faces a resistance at 1.6210. The daily momentum indicators favor the pair's upside movement, while four hours indicators show the pair in an overbought area.
The dollar/yen pair rose sharply during today's Asian session, starting the day with an incline in order to compensate some of the sharp gains that made yesterday, and now the pair trades around 81.79, recording a high of 81.87 and a low of 79.17. The pair faces a resistance at 82.30. The daily and four hours momentum indicators show that there chances for a further incline.