The yen gained against the dollar and major currencies, with expectations that the European debt crisis will continue to worsen, besides the Standard & Poor's cut its credit outlook for the United States to negative.

The euro started today's session with a decline against the dollar, as the pair trades around 1.4225 after recording the highest at 1.4244 and the lowest at 1.4204. The pair faces a support at 1.4150. The daily momentum indicators show the pair in an oversold area.

The pound traded lower against the greenback, trading around 1.6250 after recording the highest at 1.6269 and the lowest at 1.6235. The pair faces a support at 1.6200. The daily momentum indicators show the pair in an oversold area.

The dollar/yen pair decreased during the Asian session, as the pair trades around the 82.44 level, recording the highest at 82.66 and the lowest at 82.35. The daily momentum indicators show the pair is in an oversold area.